EUR/USD’s rebound falters, as sellers return on Tuesday. Pre-US CPI report caution trading lifts the US dollar bids. Bullish RSI keeps the upside alive while EUR/USD battles 200-DMA. EUR/USD continues to move back and forth around 1.1900, lacking a clear directional bias, as investors eagerly await the US CPI data release for a fresh trading impetus. Markets have turned cautious amid the earnings seasons and after Fed Chair Powell said that the economy is at an inflection point. Monday’s Treasuries auction failed to have any market impact. From a near-term technical perspective, the price clings onto the all-important 200-daily moving average (DMA) at 1.1903, extending its range play into a fifth straight session this Tuesday. Despite closing Monday above the 200-DMA, the sellers fought back control amid the market’s nervousness. A sustained move below the latter could call for a test of the intermittent lows around the 1.1870 region. The next relevant target for the bears is seen at the horizontal 21-DMA at 1.1847. EUR/USD: Daily chart However, with the 14-day Relative Strength Index (RSI) still holding above the central line, a potential move higher remains on the cards. The main currency pair could likely test the bearish 50-DMA at 1.1954 should the buying pressure intensify. Further up, the 1.2000 psychological magnate is expected to lure the EUR buyers. EUR/USD: Additional levels 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 USD/JPY seen lower at 103.00 over the next 12 months – Goldman Sachs FX Street 2 years EUR/USD's rebound falters, as sellers return on Tuesday. Pre-US CPI report caution trading lifts the US dollar bids. Bullish RSI keeps the upside alive while EUR/USD battles 200-DMA. EUR/USD continues to move back and forth around 1.1900, lacking a clear directional bias, as investors eagerly await the US CPI data release for a fresh trading impetus. Markets have turned cautious amid the earnings seasons and after Fed Chair Powell said that the economy is at an inflection point. Monday's Treasuries auction failed to have any market impact. From a near-term technical perspective, the price clings onto the all-important 200-daily moving… 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.
