The USD is sharply lower after tame CPI inflation. What are the charts telling traders?

The USD is moving lower after the tamer than expected CPI data. Headline CPI came in at -0.4% versus -0.1% estimate. The core measure came in at 0.0% versus 0.2 estimate. The dollars move to the downside has been limited however with some technical levels preventing a further decline. A quick summary for some pairs shows: EURUSD. The EURUSD moved higher, bu…

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