EUR/USD ebbs lower towards 1.1400, finds support at big figure for now as US CPI looms By Frank_Macro EURUSD ECB CPI Fed
EUR/USD continues to ebb lower post-Lagarde’s more measures tone, though has found decent support at the 1.1400 level.
EUR/USD has been trading with a negative bias in wake of Monday’s more measured remarks from ECB Presidentthat have taken the sting out of the hawkish repricing of ECB tightening expectations that boosted the euro last week. EUR/USD continues to ebb lower from last Friday’s multi-month highs in the 1.1480s and is down a further 0.2% on Tuesday to trade in near-1.1420, though the pair did find decent support at the 1.1400 level.
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