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EUR/USD FLIP-FLOPS IN A RANGE PRIOR TO US CPI

guntur360
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  • EUR/USD is trading in a narrow range ahead of the US Consumer Price Index data for March. 
  • The pair is trading in a space between the 50, 100 and 200-day Simple Moving Averages.   
  • The ECB meeting on Thursday is likely to bring volatility to EUR/USD. 

EUR/USD is trading in the 1.0850s on Wednesday, little changed from the previous day’s close as traders await key macroeconomic data from the US in the form of the Consumer Price Index (CPI) for March, which will be released at the start of the US session.


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