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EURUSD
An important report on US Producer Price Inflation (PPI) for March was released:
Final demand, seasonally adjusted, experienced a 0.5% decline, core PPI dropped 0.1%.
Both indicators are significantly below forecasts.
The weekly unemployment report was released - the number of initial claims increased, but not significantly, just to 239,000.
Low inflation is good for the U.S. market, but not for the dollar.
However, a strong labor market is in favor of the dollar.
The euro rose to new highs on Wednesday - but there's a feeling that the growth is coming to an end.
Let's start selling from 1.1050 and boost it further, observing risks, up to 1.1160.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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