EUR/USD has posted gains on Tuesday, as the pair has pushed above the 1.39 line in the European session. On the release front, Spanish releases were excellent, as Unemployment Change plunged and Manufacturing PMI hit a ten-year high. Eurozone Retail Sales posted a gain in April and beat the estimate. In the US, Tuesday’s highlight is […]

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The 4/30 session is a big one for the EUR/USD in terms of fundamental event risks. Let’s start in the European session. 1) CPI Flash Estimate y/y for April: 0.7%. forecast 0.8%, previous 0.5%. The EUR/USD fell ahead of this releases. During the inflation report, EUR/USD cracked support at 1.3785, but found strong bids that brought the pair back to 1.3850 by the US session. The inflation data was almost in line with forecast and did rise from March’s reading…

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