By Christopher Romano — Apr 12 - 02:10 PM
EUR/USD traded 1.0913-1.09355 range on EBS overnight, NY opened near 1.0920
US rates SRAU3, US$ fell sharply after below estimate headline CPI
EUR/USD spiked up to 1.0990 on EBS, fell to 1.09585 then hit 1.10005 on EBS
StockESv1, oilLCOc1 gains & USD/CNH drop near 6.8745 helped buoy EUR/USD
Comments from ECB, Fed officials helped keep EUR/USD pinned near the highs
EUR/USD held near session highs due to a muted reaction to the Fed minutes
Techs are bullish; 10-DMA supports, RSIs rising, l-t consolidation ongoing
US March PPI Thursday, retail sales Friday are looming data risks
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Source:
Refinitiv IFR Research/Market Commentary