The USD tumbles after tame CPI data ...Middle East

The tamer US CPI data has pushed the US dollar lower. Stocks higher, and yields lower.EURUSD: The EURUSD has moved sharply higher trading at 1.0789. The price has moved up to test its 100-day moving average at 1.07901. It's 200-day moving average is about 10 pips above that level at 1.08017. That combination of resistance from the daily moving averages should be a "difficult nut to crack" at least on the 1st test. Traders can lean against the level with little risk. Move above however and I would expect further upside momentum as sellers against the moving averages turn to buyers on the break.USDJPY: The USDJPY has moved below its 100 hour moving average 151.363. The price is also moving bel

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