EU traders now pricing in 10 BP rise in rates in October 2019

Up from 85% last week

The Euro zone money market traders are now fully pricing in a 10 point rise in rates in October 2019. That is up from 85% last week.

The EURUSD has traded above and below its 100 day moving average the prior 3 trading days. Today, the price has been able to stay above that MA in the London session . The MA comes in at 1.1668. In the Asian session there was a brief dip below the line (the low reached 1.16658) which was quickly reversed.

We currently trade at 1.1707. The high from last week reached 1.17212. A move above would be more bullish for the pair.