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Jun 08 - 08:55 PM

EUR/USD - Consolidating Ahead Of US CPI And ECB

By John Noonan  —  Jun 08 - 07:00 PM
  • EUR/USD opens 0.14% lower after USD broadly firmed during US session

  • FX market shrugged off fall in US long-dated yields in thin market

  • Market is positioning ahead of US CPI and ECB meeting Thursday

  • Sellers around 1.2200 capping the EUR/USD for mow

  • EUR/USD close below 21-day MA at 1.2180 shifts bias to downside

  • A break below Monday's 1.2145 low targets Friday's 1.2104 low

  • Consolidation likely to continue during the Asian session

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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