# 1.1100: Key support level for EUR/USD in countdown to US CPI data

> EUR/USD traded near 1.1222 ahead of the October US CPI release, while the US dollar remained under pressure. The article attributes dollar weakness to falling oil prices, which eased inflation concerns, and optimism about a possible US-Iran deal.

- Date: 2026-11-10 · published 2026-11-10T06:13:16.325Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/91106-1-1100-key-support-level-for-eur-usd-in-countdown-to-us-cpi-data
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Lower oil prices can ease expectations for inflation and tighter US monetary policy, weighing on the dollar and supporting the euro. The upcoming CPI report could shift rate expectations and currency markets.

## Read by commodity

- DXY: bearish ▼
- WTI: bearish ▼
- EURUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2017-06-19 | [Corn use for ethanol begins to slow down](https://feedsoft.ai/events/70596-corn-use-for-ethanol-begins-to-slow-down.md) | -4.1% | +2.9% |
| WTI | 2025-11-19 | [Canadian dollar falls the most in four months after key US data cancelled \| Reuters](https://feedsoft.ai/events/22180-canadian-dollar-falls-the-most-in-four-months-after-key-us-data-cancelled.md) | -5.1% | -8.5% |
| WTI | 2016-11-16 | [Euro keeps spiraling down despite downbeat U.S. data](https://feedsoft.ai/events/9132-euro-keeps-spiraling-down-despite-downbeat-u-s-data.md) | +4.8% | +11.3% |
| WTI | 2020-03-30 | [Coronavirus: Oil price collapses to lowest level for 18 years - BBC News](https://feedsoft.ai/events/5323-coronavirus-oil-price-collapses-to-lowest-level-for-18-years-bbc-news.md) | +64.1% | -28.3% |
| WTI | 2022-06-28 | [USD/CAD to enjoy substantial gains towards 1.33 in early 2023 – CIBC — Octa](https://feedsoft.ai/events/41179-usd-cad-to-enjoy-substantial-gains-towards-1-33-in-early-2023-cibc-octa.md) | -9.0% | -12.6% |
| EURUSD | 2025-10-01 | [Euro Heads for Highest in Four Years With $1.20 Level in Sight](https://feedsoft.ai/events/23100-euro-heads-for-highest-in-four-years-with-1-20-level-in-sight.md) | -0.5% | -0.6% |
| EURUSD | 2017-05-23 | [Economic prospects to maintain support for the euro \| Capital Economics](https://feedsoft.ai/events/71210-economic-prospects-to-maintain-support-for-the-euro-capital-economics.md) | -0.5% | -1.0% |
| EURUSD | 2017-05-31 | [EUR/USD Eurozone Inflation Data to Overshadow EU’s Political Concerns - Currency Live](https://feedsoft.ai/events/71213-eur-usd-eurozone-inflation-data-to-overshadow-eu-s-political-concerns-currency.md) | +0.7% | +1.0% |

## Sources

- fxstreet.com: https://www.fxstreet.com/news/11100-key-support-level-for-eur-usd-in-countdown-to-us-cpi-data-202611100517

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.