Dollar higher on fresh inflation data, euro lower

The U.S. dollar rose after a hotter than expected inflation readout while the euro traded a touch lower following the European Central Bank’s decision to cut interest rates for the fourth time this year.

The European Central Bank cut interest rates for the fourth time this year and kept the door open to further easing ahead as inflation closes in on its goal and the economy remains weak.

EUR/USD traded sideways in the last session. The CCI is giving a negative signal.
Support: 1.0383 | Resistance: 1.0586