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EURUSD Daily & Intraday Technical Analysis

Investors await U.S. CPI data at 1230 GMT, following a higher-than-expected producer price print on Tuesday, which could well move EUR/USD after the recent jump above 1.08. The ‘diverging U.S./eurozone inflation’ narrative and the widening gap between the Federal Reserve and European Central Bank policy doesn’t support the positive breakout above the 1.08 level, Ipek Ozkardeskaya, senior analyst at Swissquote Bank, says in a note. “Hence, the recent gains in the EUR/USD are vulnerable to a ’emperor is naked’ moment, if investors realize that the latest rise in the U.S. inflation may not be a blip,” she says. EUR/USD is 0.1% higher at 1.0827.

| Weekly Analysis | 1D Time Frame | no update

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