29 Apr 2014
EUR/USD slips below 1.3830
FXStreet (Edinburgh) - The shared currency is now losing ground against the greenback, pushing the EUR/USD back to 1.3830/25.
EUR/USD weaker on German data
The pair is giving away earlier gains after preliminary German consumer prices disappointed investors for the month of April, advancing 1.3% YoY vs. 1.4% expected and contracting 0.2% from 0.3% in the previous month. The HICP also printed 1.1% over the last twelve months (vs. 1.3% exp.) and -0.3% inter-month (vs. -0.1% exp.). Next on tap will be US Consumer Confidence (83.0 exp.) and the S&P/Case-Shiller index (13.0% YoY exp.).
EUR/USD levels to watch
As of writing the pair is losing 0.14% at 1.3831 and a breakdown of 1.3824 (10-d MA) would expose 1.3815 (low Apr.28). On the upside, the initial hurdle lines up at 1.3880 (high Apr.28) followed by 1.3906 (high Apr.11) and finally 1.3925 (high Mar.19).
EUR/USD weaker on German data
The pair is giving away earlier gains after preliminary German consumer prices disappointed investors for the month of April, advancing 1.3% YoY vs. 1.4% expected and contracting 0.2% from 0.3% in the previous month. The HICP also printed 1.1% over the last twelve months (vs. 1.3% exp.) and -0.3% inter-month (vs. -0.1% exp.). Next on tap will be US Consumer Confidence (83.0 exp.) and the S&P/Case-Shiller index (13.0% YoY exp.).
EUR/USD levels to watch
As of writing the pair is losing 0.14% at 1.3831 and a breakdown of 1.3824 (10-d MA) would expose 1.3815 (low Apr.28). On the upside, the initial hurdle lines up at 1.3880 (high Apr.28) followed by 1.3906 (high Apr.11) and finally 1.3925 (high Mar.19).