Forex: EUR/USD muted after US CPI
Forex pairs in this Article »
EUR/USD
FXstreet.com (Barcelona) - The bloc currency remained in the proximities of 1.3270 after the US CPI came in flat on a monthly basis during December and rose 1.7% YoY, below the +1.8% forecasted. The Core reading, excluding the volatile Food and Energy sectors, matched November's print, rising 0.1% MoM and +1.9% YoY.
The cross is now losing 0.24% at 1.3273 with the next support at 1.3249 (low Jan.11) ahead of 1.3200 (MA21d) and then 1.3193 (MA10d).
On the upside, a break above 1.3325 would clear the way to 1.3370 (Upper Bollinger) and 1.3404 (high Jan.14).
The cross is now losing 0.24% at 1.3273 with the next support at 1.3249 (low Jan.11) ahead of 1.3200 (MA21d) and then 1.3193 (MA10d).
On the upside, a break above 1.3325 would clear the way to 1.3370 (Upper Bollinger) and 1.3404 (high Jan.14).
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