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Sep 13 - 08:55 PM

EUR/USD - Opens Lower After Mixed US CPI Report

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

Refinitiv IFR Research/Market Commentary


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