EURUSD Technical Analysis – The soft US PPI weighs on the greenback ...Middle East

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EURUSD Technical Analysis – The soft US PPI weighs on the greenback
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Fundamental OverviewYesterday, the US PPI report missed expectations by a big margin triggering a selloff in the US Dollar as the market started to position into a potentially soft US CPI release today. For the Fed, the market is split between a 25 and 50 bps cut in September and a total of 107 bps of easing by year-end. On the ECB side, the market is expecting a 25 bps cut in September and a total of 70 bps of easing by year-end. EURUSD Technical Analysis – Daily TimeframeOn the daily chart, we can see that EURUSD is breaking above the 1.10 handle as the soft US PPI yesterday prompted the market to position for a soft CPI today. The natural target for the buyers should be the 1.1136 high as

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