The Euro stands at the front foot on Friday, but upside attempts show strong hesitation at pivotal Fibo barrier at 1.1357 (50% of 1.1499/1.1215 bear-leg), as probe above 1.1357 repeatedly failed and was capped by falling 20SMA.
Near-term structure would weaken if the action ends week below pivotal resistance zone between 1.1342 and 1.1367 (falling 10SMA / Fibo 50% / falling 20SMA), with return below 1.1310 (cracked 200WMA) to confirm negative stance.
Bullish scenario requires close above 20SMA to open way for 1.14+ gains.
EU CPI came in line with expectations in Oct, with performance of British pound expected to affect the single currency.
Res: 1.1342, 1.1357, 1.1367, 1.1391
Sup: 1.1321, 1.1292, 1.1263, 1.1215
