EURUSD moves higher (lower dollar) and tests the 100/200 hour MA

  • Floor in place near 1.0940

The EURUSD is up sharply after the US CPI data. Stocks are higher yields lower.

The pair is testing its 100/200 hour moving averages between 1.1003 and 1.1008. The 50% retracement of the range since last week's high comes in at 1.10157. Get above those levels is more bullish.

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