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Aug 11 - 08:55 PM

EUR/USD - May Flounder After Uptrend Channel Exit; US CPI Eyed

By Ewen Chew  —  Aug 11 - 07:35 PM
  • EUR/USD last 1.0914, heavy after exit from uptrend channel

  • Entrance of Bollinger channel at 1.0927 will cap intraday

  • 21 DMA at 1.08819 will support if 23.6% Fibo 1.0913 breaks

  • Fed's Bowman says cuts needed if inflation falls nL1N3JW19D

  • US inflation data on Wed will be closely scrutinized

  • Core CPI expected tad lower on annual basis but higher monthly

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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