6 May 2014
EUR/USD stays up after EZ retail sales
FXStreet (Córdoba) - The EUR/USD is taking a breather after rallying to fresh 7-week highs underpinned by solid Eurozone data.
The EUR/USD climbed to a high of 1.3930, last seen March 19, helped by strong PMIs of service sector in Spain and Italy. However, the pair lost momentum and stalled, with the release of mixed Eurozone retail sales figures having virtually no impact on the euro.
Eurozone retail sales grew 0.3% in March, versus a 0.3% decline expected and rose 0.9% YoY, slightly missing forecast of 1.0%.
EUR/USD technical levels
The EUR/USD is currently trading at the 1.3925 zone, recording a 0.37% gain on the day. To the upside, next resistances seen at 1.3930 (May 6 high), 1.3947 (Mar 17 high) and 1.3965 (Mar 13 high). To the downside, supports could be found at 1.3871 (May 6 low), 1.3852 (10-day SMA) and 1.3815 (50-day SMA).
The EUR/USD climbed to a high of 1.3930, last seen March 19, helped by strong PMIs of service sector in Spain and Italy. However, the pair lost momentum and stalled, with the release of mixed Eurozone retail sales figures having virtually no impact on the euro.
Eurozone retail sales grew 0.3% in March, versus a 0.3% decline expected and rose 0.9% YoY, slightly missing forecast of 1.0%.
EUR/USD technical levels
The EUR/USD is currently trading at the 1.3925 zone, recording a 0.37% gain on the day. To the upside, next resistances seen at 1.3930 (May 6 high), 1.3947 (Mar 17 high) and 1.3965 (Mar 13 high). To the downside, supports could be found at 1.3871 (May 6 low), 1.3852 (10-day SMA) and 1.3815 (50-day SMA).