(Weekly review and backtest) EURUSD

Main Highlight: US’s OCT CPI(YOY) was dropped to 3.2%, almost reaching fresh low at 3.0% even interest rate stay constant at 5.5% since July 2023. Indicating FED officials may keep rate unchanged until there is evidence to prove that current interest rate unable to stop inflation rate from hiking.

(EURUSD) outlook: Bullish. EURUSD got unexpected spike last week after US inflation rate CPI data released.
Support: 1.08340
Next resistance: 1.09710