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Some upside continuation

EUR
  • EUR sees some upside continuation, with Bund under pressure, helped by the early NRW CPI beat.
  • The currency edges to session high versus the EUR, GBP, CNH, CHF.
  • The Yen still holds gains against the EUR, with the latter in the green across the majors, besides the KRW.
  • EURUSD is testing the immediate resistance at 1.0226 (20-day EMA), did print a 1.0234 high.
  • Above the latter, would open to 1.0278, but moves might be limited ahead of more German regional CPI releases.

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