Equities continue to rally, providing support to the shared currency as the EUR/USD pair is nearing the 1.18 level but a bullish continuation is not yet confirmed. On the data front, US inflation ticked higher in July, further boosting the positive ruling mood, FXStreet’s Chief Analyst Valeria Bednarik reports. Key quotes “The US has just published July inflation data. The monthly consumer price index was up 0.6% in the month, matching the previous month reading and beating expectations of 0.3%. Yearly basis, the CPI was up 1%, while the core yearly reading printed at 1.6%, both beating expectations.” “The 4-hour chart shows that EUR/USD is currently advancing above a bearish 20 SMA, after finding buyers around a bullish 100 SMA. Technical indicators, in the meantime, head north but remain stuck to neutral levels.” “The EUR/USD pair would need to advance beyond 1.1830 to confirm an upcoming bullish extension towards this year high at 1.1915.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Gold clings to intraday gains near session tops, around $1940 area FX Street 2 years Equities continue to rally, providing support to the shared currency as the EUR/USD pair is nearing the 1.18 level but a bullish continuation is not yet confirmed. On the data front, US inflation ticked higher in July, further boosting the positive ruling mood, FXStreet’s Chief Analyst Valeria Bednarik reports. Key quotes “The US has just published July inflation data. The monthly consumer price index was up 0.6% in the month, matching the previous month reading and beating expectations of 0.3%. Yearly basis, the CPI was up 1%, while the core yearly reading printed at 1.6%, both beating expectations.” “The 4-hour… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
