The initial reaction off the US CPI data this morning was a dollar move to the downside. HMMMMM. However, that move was quickly reversed. In this video, I outline the technical levels that are in play for the three major currency pairs – the EURUSD, USDJPY, and GBPUSD. EURUSD: The EURUSD moved above its 200-hour moving average 1.08136 and its 200-day moving average 1.08242 shortly after the CPI release, but then reversed lower. The low price has since moved back down to test the 100-hour moving average at 1.07728. Support buyers leaned against that level and pushed the price back higher. There is resistance near 1.0804 and then the 200-hour moving average 1.08136. On the downside, it woul
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