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May 11 - 09:55 PM

EUR/USD - Opens Slightly Lower After Choppy Reaction To US CPI

By John Noonan  —  May 11 - 08:00 PM
  • EUR/USD opens -0.14% after choppy price action following US CPI

  • EUR/USD was up during the European session when ECB signalled rate hikes nL5N2X32V5

  • EUR/USD opens Asia with a heavy tone ahead of trend-line support at 1.0492

  • It has made a slightly lower high for the past 4 trading days

  • A break above yesterday's 1.0577 high would end the sequence and ease pressure

  • Consolidating range trading expected to continue through Asian session

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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