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Jul 16 - 04:55 AM

EUR/USD - Contrasting Inflation Data Set To Weigh EUR/USD

By Jeremy Boulton  —  Jul 16 - 02:55 AM
  • Eurozone final June HICP data is due at 9GMT and eyed soft

  • Final HICP seen 1.9% yy and just 0.9% ex FEAT

  • Tepid data compares to the above forecast U.S. data

  • EUR/USD traders continue to hold bets on a rise

  • Further long liquidation and downside pressure seems likely

  • Slow decline within 1.17-20 seems likely with 20-day BBs influential

  • 20-day Bollinger bands currently 1.1777-1.1867 and falling

  • Bands allow for a slow descent

EURUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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