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Sep 14 - 08:55 PM

EUR/USD - Consolidates After Post-US CPI Drop

By John Noonan  —  Sep 14 - 07:15 PM
  • EUR/USD opens +0.1% after consolidating between 0.9955/1.0002

  • It opens just below the10-day MA at 0.9989 and 21-day MA at 0.9992

  • Most of the action was in the USD/JPY after BOJ checked rates nL1N30L2LV

  • EUR/JPY selling helped to cap EUR/USD as markets calmed on Wednesday

  • EUR/USD resistance is at the 55-day MA at 1.0118

  • Support is at the Sep 8 low at 0.9931 and trend low at 0.9864

  • Consolidation likely to continue in Asia as USD/JPY remains in focus

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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