technical

EUR/USD hovers near 1.17 as weak US CPI and rising Fed rate cut expectations support a bullish breakout toward 1.1830 amid strong technical patterns.

The Australian dollar remains choppy and relatively weak, with 0.6420 as critical support and 0.66 as tough resistance, despite softer US dollar sentiment.

The German DAX remains in sideways consolidation amid low August volumes, with 24,500 as key resistance and 23,500 as major support for the next breakout.

The Australian Dollar (AUD) showed a positive reaction on Tuesday, prompting AUD/USD to reclaim the 0.6500 hurdle and beyond on the back of the resumption of the selling bias in the US Dollar (USD).

The EUR/USD pair traded in a tight range just above the 1.1600 mark throughout the first half of the day, with the US Dollar (USD) retaining its Monday gains but struggling to advance ahead of first-tier data releases.

GBP/USD closed marginally lower on Monday and snapped a six-day winning streak. In the European session on Tuesday, the pair regains its traction and trades above 1.3450 as market focus shifts to US inflation data.