30 Jul 2015
EUR/USD trims losses on EMU data
FXStreet (Edinburgh) - The common currency has recovered the ground lost in early trade after the releases in the euro area, with EUR/USD now around 1.0980.
EUR/USD indifferent on releases
The pair extends the recovery following the auspicious results in the EMU’s docket today, where Economic Sentiment and Business Climate have both surpassed expectations, while Consumer Confidence matched its preliminary print at -7.1.
In the meantime, spot keeps focused on the Q2 GDP figures in the US economy due later. A positive surprise here could increase expectations for a Fed’s lift-off in September, giving extra legs to the dollar as a consequence.
EUR/USD levels to watch
As of writing pair is losing 0.05% at 1.0977 and a breakdown of 1.0923 (low Jul.23) would aim for 1.0869 (low Jul.22) and then 1.0811 (low Jul.21). On the flip side, the next up barrier aligns at 1.1080 (high Jul.29) ahead of 1.1130 (high Jul.27) and finally 1.1197 (high Jul.13).
EUR/USD indifferent on releases
The pair extends the recovery following the auspicious results in the EMU’s docket today, where Economic Sentiment and Business Climate have both surpassed expectations, while Consumer Confidence matched its preliminary print at -7.1.
In the meantime, spot keeps focused on the Q2 GDP figures in the US economy due later. A positive surprise here could increase expectations for a Fed’s lift-off in September, giving extra legs to the dollar as a consequence.
EUR/USD levels to watch
As of writing pair is losing 0.05% at 1.0977 and a breakdown of 1.0923 (low Jul.23) would aim for 1.0869 (low Jul.22) and then 1.0811 (low Jul.21). On the flip side, the next up barrier aligns at 1.1080 (high Jul.29) ahead of 1.1130 (high Jul.27) and finally 1.1197 (high Jul.13).