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Algos sink EUR/USD on core CPI data

Source: Thomson Reuters US CPI headline misses but core is up, algos sink EUR/USD on core data Sub-1.08 tested, bounce limited as US yields recover earlier losses UST-bund 2yr yield spreads widen, test near old resistanc…

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Algos sink EUR/USD on core CPI data
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Source: Thomson Reuters


  • US CPI headline misses but core is up, algos sink EUR/USD on core data

  • Sub-1.08 tested, bounce limited as US yields recover earlier losses

  • UST-bund 2yr yield spreads widen, test near old resistance at -78 bps

  • Next intra-day support is ~1.0735, beyond that 1.07 and the 200-HMA

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