Targets of EUR/USD to trade with CPI

CPI may move EUR/USD by 400 points to either side. A dovish CPI --which is a more likely case-- will take the pair to 1.1580, previous swing high. We may see a minor reaction at 1.1566-67 on smaller timeframes like M1 and M1, because it is 100 DMA level. A hawkish CPI may moves it below previous support made by swing lows shown in the graph below.