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12 Mar 2015
EUR/USD back below 1.0600
FXStreet (Edinburgh) - The shared currency is giving away part of the earlier gains vs. the greenback, with EUR/USD back to the area of 1.0580.
EUR/USD indifferent on EMU data
Spot kept the composure following the mixed results from the Industrial Production in the euro bloc, expanding 1.2% on a year to January, and contracting 0.1% inter-month. The results follow the earlier mixed reading from consumer prices in Germany, Spain and France.
Next on tap will be February’s US Retail Sales (0.3% exp.) and the Initial Claims, expected at 305K in the week ended on March 6th.
EUR/USD key levels
As of writing the pair is advancing 0.45% at 1.0595 with the next hurdle at 1.0718 (high Mar.11) followed by 1.0757 (100-h MA) and then 1.0855 (high Mar.10). On the downside, a breach of 1.0494 (12-year low Mar.12) would expose 1.0335 (2003 low Jan.2) and finally 1.0207 (low Dec.19 2002).
EUR/USD indifferent on EMU data
Spot kept the composure following the mixed results from the Industrial Production in the euro bloc, expanding 1.2% on a year to January, and contracting 0.1% inter-month. The results follow the earlier mixed reading from consumer prices in Germany, Spain and France.
Next on tap will be February’s US Retail Sales (0.3% exp.) and the Initial Claims, expected at 305K in the week ended on March 6th.
EUR/USD key levels
As of writing the pair is advancing 0.45% at 1.0595 with the next hurdle at 1.0718 (high Mar.11) followed by 1.0757 (100-h MA) and then 1.0855 (high Mar.10). On the downside, a breach of 1.0494 (12-year low Mar.12) would expose 1.0335 (2003 low Jan.2) and finally 1.0207 (low Dec.19 2002).