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May 12 - 08:55 PM

EUR/USD - Opens Lower As US Yields Rise/risk Swoons On US CPI

By John Noonan  —  May 12 - 06:44 PM
  • EUR/USD opens -0.63% after hot US CPI unravelled markets and boosted USD nL1N2MZ1TFnL1N2MZ2JM

  • EUR/USD trend higher waning as 10-day MA now pointing lower

  • Support is at 1.2060/65 where 21-day MA and 61.8 of 1.1986/1.2181 converge

  • A break below 1.1960 would confirm trend higher is over for now

  • EUR/USD trading around 10-day MA @ 1.2075 with hourly resistance @ 1.2085

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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