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Aug 11 - 01:55 AM

EUR/USD - Edges Lower In Asia After Strong Post-US CPI Gain

By John Noonan  —  Aug 10 - 11:55 PM
  • EUR/USD opened +0.84% at 1.0299 after rising in softer than expected US CPI nL1N2ZN02I

  • After trading 1.0303 it drifted lower as USD clawed back some ground in Asia

  • EUR/USD eased to 1.0282 before settling around 1.0290 into the afternoon

  • EUR/USD resistance is at 50% retracement at 1.0369 and 55-day MA at 1.0373

  • Resistance was validated by yesterday's 10369 high and subsequent pullback

  • Bids are eyed ahead of 1.0250 and support is at 10-day MA at 1.0225

  • EUR/USD rally may be a seeling opportunity based on fundamentals nL4N2ZN06A

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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