Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Sep 14 - 01:55 AM

EUR/USD - Moves Modestly Higher Ahead Of ECB Decision

By John Noonan  —  Sep 13 - 11:50 PM
  • EUR/USD opened -0.22% at 1.0729 after whippy reaction to US CPI

  • The USD broadly eased in Asia and EUR/USD drifted up to 1.0744

  • Its at the session high heading into the afternoon session

  • Activity was limited ahead of the ECB decision later today

  • Economists see a close call on whether the ECB will hike 25 bps or hold

  • The market is pricing in around a 63% chance of a hike

  • EUR/USD would likely get a boost if the ECB hikes, but it may not last

  • Resistance is at 21-day MA at 1.0800 and sustained break would be bullish

  • Support is at the Sep 7 low at 1.0686 and Oct 2022 low at 1.0635

  • For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


  • eFXplus
  • End-user license agreement (EULA)


  • About
  • Contact Us


  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2023 eFXdata · All Rights Reserved