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Jul 17 - 07:24 AM
EUR/USD - Euro Zone Inflation Up, Easing Pressure On EUR/USD, A Little
First appeared on eFXplus on Jul 17 - 05:10 AM
  • Euro zone HICP rises to 1.3% in June from 1.2% yy and vs 1.2%
  • Still below ECB's target but given spec shorts may ease pressure on EUR/USD
  • Inflation results probably mean short-term gain, longer-term pain for euro
  • EUR/USD today lifted 1.1200 to 1.1217 (EBS) on another slow day
  • Larger option expiries today lie higher should offer stiff resistance
  • EUR 1.8bln expiries 1.1220-1.1250. Daily cloud 1.1227-32 likely to cap

EUR/USD daily Click here

Source:
Refinitiv IFR Research/Market Commentary

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