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26 Feb 2015
EUR/USD around 1.1370 on German Gfk
FXStreet (Edinburgh) - The shared currency is posting meager gains vs. the greenback on Thursday, taking EUR/USD to the area of 1.1370.
EUR/USD indifferent after data
The pair kept the composure after the German Consumer Confidence tracked by the Gfk Survey improved above estimates to 9.7 during January vs. 9.5 forecasted and up from December’s 9.3.
The pair remains unmotivated at current levels, paying no attention to the softer tone in the US dollar after the dovish bias from J.Yellen’s testimonies. In addition, Greek headlines are again in the back burner pending parliamentary votes from the EU members.
EUR/USD levels to consider
As of writing the pair is up 0.04% at 1.1370 with the initial hurdle at 1.1400 (psychological level) ahead of 1.1430 (high Feb.20) followed by 1.1450 (high Feb.19). On the downside, a break below 1.1288 (low Feb.24) would target 1.1278 (low Feb.20) en route to 1.1270 (low Feb.9).
EUR/USD indifferent after data
The pair kept the composure after the German Consumer Confidence tracked by the Gfk Survey improved above estimates to 9.7 during January vs. 9.5 forecasted and up from December’s 9.3.
The pair remains unmotivated at current levels, paying no attention to the softer tone in the US dollar after the dovish bias from J.Yellen’s testimonies. In addition, Greek headlines are again in the back burner pending parliamentary votes from the EU members.
EUR/USD levels to consider
As of writing the pair is up 0.04% at 1.1370 with the initial hurdle at 1.1400 (psychological level) ahead of 1.1430 (high Feb.20) followed by 1.1450 (high Feb.19). On the downside, a break below 1.1288 (low Feb.24) would target 1.1278 (low Feb.20) en route to 1.1270 (low Feb.9).