EUR/USD offered at 4-hr 200-MA

EUR/USD was rejected at 4-hr 200-MA level of 1.0991 in Asia as the American dollar found takers on hopes FBI concerns would not damage Clinton’s odds of election victory. 

Eyes Eurozone CPI

The preliminary estimate of the Eurozone consumer price index (CPI) suggests the cost of living ticked higher to 0.5% in Oct from 0.4%. Core CPI is seen unchanged at 0.8%. Furthermore, Eurozone Q3 GDP is seen unchanged at 1.6% y/y as well. 

Later in the day, US data is likely to show that personal spending ticked higher in September. Traders would also keep an eye on news flow relating to Clinton/FBI drama. 

EUR/USD Technical Levels

The spot was last seen trading around 1.0965. A break below 1.0957 (4-hr 5-MA) would open doors for 1.0917 (4-hr 50-MA), under which the pair may revisit are around 1.0851 (previous day’s low). On the higher side, a break above 1.0991 (session high) would expose 1.1039 (Oct 20 high), above which the pair may target 1.1123 (Sep 21 low).