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Nov 09 - 04:55 PM

EUR/USD - Break Of Key Resistance Put On Hold As US CPI Nears

By Christopher Romano  —  Nov 09 - 01:35 PM
  • EUR/USD fell overnight, NY opened near 1.0055, the fall extended

  • US rate EDH3 gains rallied the dollar and soured risk sentiment

  • EUR/USD hit 1.0011 on EBS, sharp rally to 1.0087 took hold on US$ sales

  • Rally sellers were waiting however & US$ buys resumed while EUR/JPY fell

  • Equity ESv1 & commodity LCOc1 reinforced risk-off to buoy US$

  • EUR/USD fell below 1.0020 late in the session, down -0.54%

  • Techs lean bullish; monthly RSI rising, monthly bull hammer in place

  • US Oct. CPI looms & result may alter investors' expectations for the Fed

  • EUR/USD's line in the sand drawn, CPI risk looms nL1N3251P7

  • For more click on FXBUZ



Source:
Refinitiv IFR Research/Market Commentary

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