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Sep 14 - 08:55 AM

EUR/USD - Surrenders Gains To Stand On Neutral Ground Ahead CPI

By Jeremy Boulton  —  Sep 14 - 06:38 AM
  • EUR/USD drops to session low at 1.1806 EBS after early gains reached 1.1830

  • Hedging tied EUR 861 million expiries at 1.1835 likely contributed to top

  • Pair now central to this week's 1.1770-1.1830 range

  • Close in relation to daily cloud and 55-DMA could be key nL1N2QG0EZ

  • U.S. CPI at 12.30GMT is f/c 4.2% yy slightly softer from Jul's 4.3%

  • Profit taking should weigh dollar ahead Fed's big decision nL1N2QG0L5



EURUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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