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Dec 12 - 10:55 PM

EUR/USD - Steady In Quiet Asia Ahead Of Key US CPI

By John Noonan  —  Dec 12 - 10:20 PM
  • EUR/USD opened +0.10% at 1.0539 after a choppy US session nL1N3321R7

  • In a quiet Asian session, the pair traded in a 1.0535/1.0554 range

  • EUR/USD trending higher with 5, 10 & 21-day MAs in a bullish alignment

  • Support is at 10-day MA at 1.0510 and break would warn momentum is weakening

  • A break below 1.0500 targets the 21-day MA at 1.0427

  • Resistance has formed ahead of 1.0600 where decent selling is tipped

  • Key today will be the US CPI where EUR/USD bulls are hoping for soft reading nL4N33304N

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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