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EUR/USD, GBP/USD, USD/CAD, USD/JPY – U.S. Dollar Rebounds From Session Lows As Traders Digest Inflation Data

From fxempire.com

U.S. Dollar: {chart} U.S. Dollar Index rebounded from session lows as traders digested U.S. inflation data. Treasury yields have started to move higher, providing support to the American currency. The recent attempt to settle below the support at 102.00 – 102.15 was not successful, so the U.S. Dollar Index may gain additional upside momentum and move closer to the recent highs near the 102.85 level. EUR/USD: EUR/USD moved away from session highs as traders focused on U.S. inflation data. In case EUR/USD declines below the 200 MA at 1.1025, it will head towards the next support level, which is located in the 1.0950 – ... (full story)

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  • Category: Technical Analysis