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May 11 - 03:55 AM

EUR/USD - Playing A Waiting Game Ahead Of Key Data

By Peter Stoneham  —  May 11 - 02:35 AM
  • Steady trade within an early 1.0525-1.0549 range with a bull bias

  • Inflation data due from the U.S. at 1230GMT: expected to ease in April

  • Reuters poll: core y/y 6.0% vs 6.5% and headline 8.1% vs 8.5%

  • Dollar and yields likely to back off on a softer CPI return

  • Base effects expected to bring down annual inflation readings

  • A large M&A deal on the radar: could impact USD/SEK nL5N2X319M

  • Technically, sideways bias with breakout points at 1.0488 and 1.0642

  • Talk of offers ahead of 1.0600 and small stops below 1.0470, Apr 28 low

    For more click on FXBUZ






EUR/USD daily candle chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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