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EUR/USD slips below technical support as US stock futures dwindle in the red ahead of CPI report
Well, it is not long now until the major US data release of the week will hit the screens at 12.30pm GMT. Ahead of this the EUR/USD has traded a bit lower from where it stood at the time of the last update on its progress, or more rather its lack of progress. The EUR/USD has reached a session low today at 1.0927 and hence traded just below its noted 100 day moving average, at 1.0934. It is still dwindling below that level as the US CPI release looms a little closer now. As noted here many times already this week; this data has the power to shape the direction from here on today. There will be more to add on this once the data is known. The EUR/USD is currently trading at 1.0932
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