By John Noonan — Sep 13 - 07:45 PM
EUR/USD opens -0.22% after whipping around in wake of mixed US CPI nL1N3AP2B0
Recent ranges held as US CPI had something for both bulls and bears nL1N3AO2C3
EUR/USD closed below the 10-day MA (1.0739 today) suggesting downside bias
Buyers are tipped ahead of 1.0700 with support at last week's 1.0686 low
Resistance is at 21-day MA at 1.0800 with sellers 1.0770/80
ECB decision today with market with market pricing in a 66% chance of a hike
Economists are almost evenly split so a EUR/USD reaction is likely nL4N3AI35T
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary