13 Feb 2015
EUR/USD in range on EMU GDP
FXStreet (Edinburgh) - EUR/USD remains within a narrow 20-pip range on Friday, paying scarce attention to the data releases in the euro bloc.
EUR/USD indifferent to GDP figures
The pair kept the composure despite preliminary GDP figures in the euro area during the fourth quarter showed that the economy expanded at an annual pace of 0.9% and 0.3% inter-quarter, up from 0.2% and 0.8% from the previous period, respectively. The positive results followed the previous releases in Germany, Italy and Portugal, all surpassing expectations.
EUR/USD key levels
As of writing the pair is advancing 0.12% at 1.1424 with the immediate hurdle at 1.1466 (hourly high Feb.6) ahead of 1.1485 (Kijun Sen) and finally 1.1499 (high Feb.5). On the downside, a breach of 1.1390 (21-d MA) would open the door to 1.1378 (10-d MA) and then 1.1303 (low Feb.12).
EUR/USD indifferent to GDP figures
The pair kept the composure despite preliminary GDP figures in the euro area during the fourth quarter showed that the economy expanded at an annual pace of 0.9% and 0.3% inter-quarter, up from 0.2% and 0.8% from the previous period, respectively. The positive results followed the previous releases in Germany, Italy and Portugal, all surpassing expectations.
EUR/USD key levels
As of writing the pair is advancing 0.12% at 1.1424 with the immediate hurdle at 1.1466 (hourly high Feb.6) ahead of 1.1485 (Kijun Sen) and finally 1.1499 (high Feb.5). On the downside, a breach of 1.1390 (21-d MA) would open the door to 1.1378 (10-d MA) and then 1.1303 (low Feb.12).