EUR/USD path of least resistance is down after US CPI

EUR/USD has been unable to extend its gains after US inflation beat expectations. Where next for the world’s most popular currency pair? The Technical Confluences Indicator shows that EUR/USD is mired in the mud of heavyweight technical levels around 1.1273. These include the Fibonacci 38.2% one-week, the Fibonacci 38.2% one-day, the Simple Moving Average 50-15m, the SMA 100-15m, the […]

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