9 Jul 2015
EUR/USD indifferent on US data, near 1.1030
FXStreet (Edinburgh) - The common currency remained apathetic following the US releases today, with EUR/USD meandering around 1.1035/30 so far.
EUR/USD unmotivated in the mid-1.1000s
The pair paid no attention to the poor result from the US labour market, where Initial Claims increased to 297K in the week ending on July 3rd, up from previous week’s 281K and missing consensus at 275K. Next of relevance in the pair will be the speech by Kansas City Fed Chief E.George.
In the meantime unease amongst investors has started to pick up, as Greek PM A.Tsipras hasn’t showed up yet, let alone the fresh proposals.
EUR/USD levels to consider
The pair is now dropping 0.39% at 1.1032 with the next support at 1.0974 (low Jul.8) followed by 1.0916 (low Jul.7) and then 1.0900 (psychological level). On the flip side, a breakout of 1.1126 (high Jul.9) would aim for 1.1171 (high Jul.1) and then 1.1234 (high Jun.24).
EUR/USD unmotivated in the mid-1.1000s
The pair paid no attention to the poor result from the US labour market, where Initial Claims increased to 297K in the week ending on July 3rd, up from previous week’s 281K and missing consensus at 275K. Next of relevance in the pair will be the speech by Kansas City Fed Chief E.George.
In the meantime unease amongst investors has started to pick up, as Greek PM A.Tsipras hasn’t showed up yet, let alone the fresh proposals.
EUR/USD levels to consider
The pair is now dropping 0.39% at 1.1032 with the next support at 1.0974 (low Jul.8) followed by 1.0916 (low Jul.7) and then 1.0900 (psychological level). On the flip side, a breakout of 1.1126 (high Jul.9) would aim for 1.1171 (high Jul.1) and then 1.1234 (high Jun.24).