13 Aug 2015
EUR/USD bouncing off 1.1100
FXStreet (Edinburgh) - The offered tone around the shared currency is not giving up on Thursday, with EUR/USD now hovering in the low-1.1100s.
EUR/USD focus on US data
The pair has been rejected from the 1.1200 neighbourhood on Wednesday, triggering the current leg lower to the 1.1120/10 amidst a renewed buying interest in the US dollar following the recent Yuan devaluation.
Ahead in the session, US retail sales will take centre stage followed by the weekly report on the labour market. Consensus sees retail sales rebounding sharply 0.5% during July, while Initial Claims are expected at 270K in the week ended on August 7.
EUR/USD levels to watch
As of writing the pair is losing 0.38% at 1.1115 and a break below 1.1057 (low Aug.12) would target 1.0961 (low Aug.11) en route to 1.0855 (low Aug.7). On the upside, the initial up-barrier aligns at 1.1190 (high Aug.13) ahead of 1.1215 (high Aug.12) and finally 1.1244 (high Jun.30).
EUR/USD focus on US data
The pair has been rejected from the 1.1200 neighbourhood on Wednesday, triggering the current leg lower to the 1.1120/10 amidst a renewed buying interest in the US dollar following the recent Yuan devaluation.
Ahead in the session, US retail sales will take centre stage followed by the weekly report on the labour market. Consensus sees retail sales rebounding sharply 0.5% during July, while Initial Claims are expected at 270K in the week ended on August 7.
EUR/USD levels to watch
As of writing the pair is losing 0.38% at 1.1115 and a break below 1.1057 (low Aug.12) would target 1.0961 (low Aug.11) en route to 1.0855 (low Aug.7). On the upside, the initial up-barrier aligns at 1.1190 (high Aug.13) ahead of 1.1215 (high Aug.12) and finally 1.1244 (high Jun.30).