The pair moved higher to fresh lows around 1.1600 the figure. The greenback tumbles further and challenges the 95.10 area. US CPI rose less than expected during September. Poor results from the US docket have given extra boost to EUR/USD, which managed to clinch fresh tops just below 1.1600 the figure today. EUR/USD bid after ECB, data Spot keeps the rally well and sound so far on Wednesday, advancing to the boundaries of 1.1600 the figure after US CPI results failed to meet consensus during last month. In fact, headline consumer prices rose at a monthly 0.1% and 2.3% over the last twelve months, coming in below prior surveys. In the same line, prices stripping food and energy costs gained 0.1% inter-month and 2.2% on an annualized basis. The demand for the single currency remains quite solid in the wake of the US data, while the recent publication of the ECB minutes showed the central bank remains in ‘auto-pilot’ for the time being, eyeing the first rate hike at some point in September/October 2019. EUR/USD levels to watch At the moment, the pair is gaining 0.62% at 1.1595 and a break above 1.1599 (high Oct.11) would target 1.1625 (21-day SMA) en route to 1.1629 (100-day SMA). On the flip side, immediate contention emerges at 1.1432 (low Oct.9) seconded by 1.1326 (200-week SMA) and finally 1.1299 (2018 low Aug.15). 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 EUR/USD Technical Analysis: Euro bull run stays intact as US inflation misses estimates – Approaching fast 1.1600 figure FX Street 4 years The pair moved higher to fresh lows around 1.1600 the figure. The greenback tumbles further and challenges the 95.10 area. US CPI rose less than expected during September. Poor results from the US docket have given extra boost to EUR/USD, which managed to clinch fresh tops just below 1.1600 the figure today. EUR/USD bid after ECB, data Spot keeps the rally well and sound so far on Wednesday, advancing to the boundaries of 1.1600 the figure after US CPI results failed to meet consensus during last month. In fact, headline consumer prices rose at a monthly 0.1% and 2.3% over… 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.
