By John Noonan — Dec 13 - 10:20 PM
EUR/USD opened +0.85% at 1.0629 after USD sold off in wake of softer US CPI nL1N3331LO
Asia left it alone, as market awaits Fed decision later today
It traded in a 1.0624/39 range and is unchanged heading into the afternoon
Sentiment is bullish and more buying expected if Fed isn't overly hawkish
Support is at former resistance at 1.0595 where buyers are tipped
More support is at the 10-day MA at 1.0541 and 21-day MA at 1.0444
Resistance is at the 61.8 of the 2022 fall at 1.0743
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary