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Dec 13 - 07:55 PM

EUR/USD - Opens Higher After US Yields Tumble On Softer US CPI

By John Noonan  —  Dec 13 - 05:50 PM
  • EUR/USD opens +0.85% after USD fell across the board on softer US CPI nL1N3331LO

  • Slide in US yields ahead of Fed and ECB meetings underpinned EUR/USD nL1N3332BC

  • EUR/USD traded to 6-month high at 1.0679 before USD staged mild recovery

  • It is trending higher with the 5, 10 & 21-day MAs in a bullish alignment

  • Support is at the 10-day MA at 1.0542 and 21-day MA at 1.0444

  • Resistance is at the 61.8 fibo of the 2022 fall at 1.0743

  • Asia likely to be cautious ahead of the FOMC decision late Wednesday

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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