Solid US data push Euro through important Fibo support
The Euro probed below important Fibo support at 1.0863 (76.4% of 1.0340/1.2555 ascend) following brief consolidation in early European trading on Thursday.
Solid US data (jobless claims beat forecast and CPI figures signal slight improvement in inflation) that further inflated dollar.
Near-term outlook remains negative, with close below 1.0863 Fibo support needed to confirm.
Also, bears may accelerate if a number of stops parked below will be triggered and attack next supports at 1.0820 (24 Apr 2017 low) and 1.0800 (round-figure).
Oversold daily stochastic and RSI give an initial warning that bears may pause but lacking firmer signals for now.
Res: 1.0863; 1.0878; 1.0899; 1.0925
Sup: 1.0847; 1.0820; 1.0800; 1.0777