18 Feb 2015
EUR/USD muted on US data
FXStreet (Edinburgh) - EUR/USD practically posted no reaction after the release of US data for the month of January, hovering over the 1.1370 area.
EUR/USD consolidative below 1.1400
Spot remains in sub-1.1400 levels despite the US releases disappointed investors during January, with Producer Prices contracting more than estimated 0.8% inter-month; Building Permits and Housing Starts followed suit, decreasing to 1.05M and 1.065M, respectively during the same period.
Next on tap will be the more significant Industrial Production and Capacity Utilization, ahead of the FOMC minutes.
EUR/US key levels
At the moment the pair is losing 0.33% at 1.1379 with the next support at 1.1354 (200-h MA) followed by 1.1320 (low Feb.16) and finally 1.1303 (low Feb.12). On the upside, a breakout of 1.1450 (high Feb.17) would aim for 1.1486 (high Feb.6) and then 1.1499 (high Feb.5).
EUR/USD consolidative below 1.1400
Spot remains in sub-1.1400 levels despite the US releases disappointed investors during January, with Producer Prices contracting more than estimated 0.8% inter-month; Building Permits and Housing Starts followed suit, decreasing to 1.05M and 1.065M, respectively during the same period.
Next on tap will be the more significant Industrial Production and Capacity Utilization, ahead of the FOMC minutes.
EUR/US key levels
At the moment the pair is losing 0.33% at 1.1379 with the next support at 1.1354 (200-h MA) followed by 1.1320 (low Feb.16) and finally 1.1303 (low Feb.12). On the upside, a breakout of 1.1450 (high Feb.17) would aim for 1.1486 (high Feb.6) and then 1.1499 (high Feb.5).