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Jun 29 - 07:55 AM

EUR/USD - Less Inflation For EUR/USD Traders To Worry About

By Jeremy Boulton  —  Jun 29 - 05:35 AM
  • German state inflation subsides slightly

  • Bavaria 2.4% from 2.6% yy, Hesse 2.2% from 2.5%, Brandenburg 2.4% from 2.6%

  • Saxony 2.1% from 2.4%. National data due 12GMT, HICP eyed 2.1% yy from 2.4%

  • EUR/USD slipping 1.1900-1.1929 EBS today, EUR 500mln expiries at 1.1900

  • EUR/USD 1.1881-1.1975 range for last 6 days, 1.1900-44 EBS this week

  • After the Fed meeting pair sold off 1.2134-1.1847

  • 20-day Bollinger bands sinking during consolidation allowing for deeper fall

  • Slow progression down with lower band 1.2041-1.1800 looking likely

  • FX traders can bank on a long summer, perhaps quiet year nL2N2OA0DX




EURUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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