EUR/USD Price Analysis: Maintains position near 1.0570 ahead of Eurozone CPI

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EUR/USD Price Analysis: Maintains position near 1.0570 ahead of Eurozone CPI
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EUR/USD trades lower around the 1.0570 level aligned with the major support at the 1.0550 level, during the Asian session on Wednesday. Investors awai

EUR/USD trades above the major support at 1.0550 ahead of the Eurozone CPI.

indicated a shift in momentum towards a bullish trend. 21-day EMA emerges as the immediate resistance, followed by the 1.0600 psychological level. t the final reading of the Eurozone Harmonized Index of Consumer Prices for September, which is expected to remain consistent. The weekly low at 1.0508 may serve as key support, aligned with the psychological level of 1.0500. On the upside, the 21-day Exponential Moving Average at 1.0588 stands out as immediate resistance.

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