The 21-WMA at 1.0807 has crossed above 55-DMA at 1.0806

EUR/USD approaching crucial levels ahead U.S. CPI release nL1N3K106N

Traders recently doubled bets on euro rising nL1N3JZ04T

While specs bullish, others will look to sell 1.10-1.12 area

Vols remain low suggesting a big and sustained move up is unlikely

Interest rates suit sellers and pair mostly within 1.05-1.10 since Jan 2023

Reserves managers building reserves after interventions likely to sell