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May 15 - 07:55 AM

EUR/USD - Poised To Increase Gains Unless U.S. CPI Beats

By Richard Pace  —  May 15 - 05:35 AM
  • EUR/USD has edged higher as USD weakens and risk improves this week

  • 1.08135-1.08345 EBS range so far Wednesday, faces tech hurdles

  • Close above 100-dma 1.0823 and daily cloud top 1.0838 to help bulls

  • Would open April 9 peak 1.0885. In-Line or CPI miss could be catalyst

  • FX options have been covering risk of further s-term EUR/USD gains

  • FX options flag extent of post CPI volatility FX risk potential

  • Beware huge option strikes expiries between 1.0750 and 1.0900 post CPI

For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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