LimitMarkets

Inflation data supports greenback

Long
FX:EURUSD   Euro / U.S. Dollar
The Euro eased against the Dollar as new data provided support for a greenback. June inflation reading came at 0.3% larger than expected 0.2% and the previous 0.1%. Year-on-year CPI increased to 2.1% from 2.0% last year. Jobless claims also came positive, less than expected at 209K. Pair is moving along the 50 MA at the four-hourly chart. it retraced to 38.20% Fibonacci. It aims for the 50.0% level around 1.1300.

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