11 Jun 2015
EUR/USD dips below 1.1200 on US data
FXStreet (Edinburgh) - The common currency is now intensifying its offered tone vs. the greenback, dragging EUR/USD to test fresh lows sub-1.1200 levels.
EUR/USD weaker following US releases
The pair has briefly dropped below the 1.1200 handle after US headline Retail Sales surprised investors to the upside today, expanding 1.2% inter-month during May vs. 1.1% anticipated; sales excluding the Autos sector followed suit, up 1.0% vs. 0.7% forecasted.
Further data showed Export prices rising 0.6% from -0.7% previous and Import prices gaining 1.3%, up from April’s -0.2%.
EUR/USD levels to watch
At the moment, the pair is now retreating 0.85% at 1.1233 with the next support at 1.1182 (low Jun.11) followed by 1.1087 (low Jun.8) and finally 1.1049 (low Jun.5). On the flip side, a break above 1.1334 (high Jun.11) would open the door to 1.1387 (high Jun.10) and then 1.1400 (psychological level).
EUR/USD weaker following US releases
The pair has briefly dropped below the 1.1200 handle after US headline Retail Sales surprised investors to the upside today, expanding 1.2% inter-month during May vs. 1.1% anticipated; sales excluding the Autos sector followed suit, up 1.0% vs. 0.7% forecasted.
Further data showed Export prices rising 0.6% from -0.7% previous and Import prices gaining 1.3%, up from April’s -0.2%.
EUR/USD levels to watch
At the moment, the pair is now retreating 0.85% at 1.1233 with the next support at 1.1182 (low Jun.11) followed by 1.1087 (low Jun.8) and finally 1.1049 (low Jun.5). On the flip side, a break above 1.1334 (high Jun.11) would open the door to 1.1387 (high Jun.10) and then 1.1400 (psychological level).