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Jul 17 - 05:00 AM
EUR/USD - Down, Stops Eyed Nearby Ahead Data That Usually Weighs
First appeared on eFXplus on Jul 17 - 02:45 AM
  • EUR/USD lower towards modest 1.1200 buying interests ahead EZ HICP data
  • A lack of inflation has continually weighed euro with core rate just 1.2% yy
  • Tech account stops eyed below 1.1190. Push to lower bound 1.11-1.14 eyed
  • Very low vols suggest significant move lower unlikely but, ranges may slip
  • Low vols while restricting moves also fuel carry trades, weigh euro
  • Big paring euro shorts ups chance sustained downside pressure

EZ HICP Click here

Source:
Refinitiv IFR Research/Market Commentary

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