Type : Bullish rise Resistance :1.03220 Pivot: 1.02695 Support : 1.03220
Preferred Case: On the H4, with the price pullback from the support, combined with the fundamental news, we have a short term bullish bias that the price may rise from the pivot at 1.02695, where the current price is to the 1st resistance at 1.03220, where the overlap resistance and 23.6% Fibonacci retracement are.
Alternative scenario: Alternatively, price could drop to the support at 1.02025, where the swing lows are.
Fundamentals: The CPI m/m and Retail Sales y/y are out today, both of them are better than the expectationa nd previous data.