EURUSD is in controversial mood but with clear targets

On CPI news yesterday dollar has gained a bit to
1.1770, however this is very short term impact
on the market. To short EURUSD (Bet on dollar)
we need more arguments as economic
situation in the Eurozone is also positive.

1.1880 is an open price for this week.
At this stage it one of the most important
target for buyers

Check out the pattern Trend Channel by T1 and T2
trend lines, based on theory price can reach point 5
(1.1880) which can be a good signal to long EURUSD

Targets:

Resistance N2 - 1.1880 market open for this week
Resistance N1 - 1.1836 (Daily low for July 12)

Support N1 - 1.1770 weekly low price for this week
Support N2 - 1.1711 Monthly low

News US to follow:
12:30 Producer Price Index (PPI)
16:00 Speech by Federal Reserve chair Jerome Powell