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TDUX
Aug 10 - 11:55 PM

EUR/USD - Consolidates As Middle East Peace Remains Elusive

By James Connell  —  Aug 10 - 10:31 PM

• EUR/USD flat Tue in Asia, activity constrained due to JP market holiday

• Hope for U.S.-Iran peace fades again with both sides demanding reparations

• U.S. Jul core CPI update Wed, Reuters poll consensus +0.2% m/m, +2.5% y/y

• EU Jun industrial production due Thur, Reuters poll consensus -0.8% y/y

• EUR 1.1623 resistance hard to break first attempt, expect more consolidation

• Range Asia 1.154250-4825, support 1.1353 1.1325, resistance 1.1623 1.1850
EUR Daily 55-DMA


(James Connell is a Reuters market analyst. The views expressed are his own.)

Source:
London Stock Exchange Group | Thomson Reuters
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