The EURUSD is trading higher ahead of the US CPI data. The headline CPI is expected at unchanged for the month and +0.3% for the core. The gains in the EURUSD today were supported by better-than-expected ZEW sentiment data released today. The EU sentiment came in at 23.0 vs 13.3 estimate. German ZEW came in at 12.8 vs 9.6 estimate. Technically, the buying was encouraged by holding the 100-day MA at the lows of the day at 1.07573 in the early Asian session (the low for the day reached 1.0760) and the breaking of the 100-hour MA (blue line in the chart above) at 1.0773.The high price has reached at the next target. A swing level near 1.08038 has helped stall the rally so far. A move above t
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