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Aug 11 - 05:55 PM

EUR/USD - Post-CPI Rates Moves Give EUR/USD Longs The Advantage

By Christopher Romano  —  Aug 11 - 01:51 PM
  • EUR/USD sinks in Europe on US$ buys, hits 1.1706 (EBS) NY opens near 1.1715

  • US July CPI shows slight inflation moderation nL1N2PG1LK, US$, rates fall

  • US 10-yr yield <us10yt=rr< turns="" lower="" while="" eurodollar=""></us10yt=rr<>EDZ2 prices rally

  • US$ falls while stocks, commodities rally & EUR/JPY lifts to 129.80 on EBS

  • EUR/USD spike up near 1.1750 before pausing, eventually hits 1.1755 on EBS

  • US$ bounces late in the session, EUR/USD pulls back slightly, nears 1.1745

  • Daily bull engulfing candle, diverging daily RSI concern EUR/USD shorts

  • Monthly techs are bearish & downside risks remain though nL1N2PI1K2

  • For more click on FXBUZ


eurusd Click here

Source:
Refinitiv IFR Research/Market Commentary

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