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Oct 10 - 02:36 PM
EUR/USD - CPI Result Enhances Expectations For Fed Cuts
First appeared on eFXplus on Oct 10 - 08:45 AM
  • Sep CPI below estimate nLLAALEF3Q, Fed cut still expected nLNSALEFBX

  • US$ drops as UST, eurodollar & fff price gains up chances for cut FEDWATCH

  • EUR/USD remains buoyed above the 61.8% Fib of 1.1109-1.0879

  • Rising daily & monthly RSIs say longs have momentum, further gains likely

  • 76.4% Fib of 1.1109-1.0879, 55-DMA & daily cloud base are next resistances

  • Daily highs from Sep 17-20 in the 1.1065/75 zone are key resistance

  • A break of that zone is likely to squeeze shorts hard & see 1.1110/20 test






chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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