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13 Mar 2015
EUR/USD climbs near 1.0630
FXStreet (Edinburgh) - A bout of sudden buying interest around the euro is now pushing EUR/USD back above the 1.0600 mark, challenging the area of 1.0630.
EUR/USD regains 1.0600
The pair is gaining traction once again following the European open on Friday, with the greenback giving away part of the initial gains and allowing the current rebound in the riskier assets.
In the data space, Italian inflation figures are due next with consensus expecting the CPI to have contracted 0.2% on a year to February and expanded 0.3% since January. Across the Atlantic, US Producer Prices and the Investor Sentiment tracked by the Reuters/Michigan index will be in the spotlight.
EUR/USD levels to consider
The pair is retreating 0.15% at 1.0618 and a breakdown of 1.0565 (low Mar.13) would target 1.0494 (12-year low Mar.12) en route to 1.0335 (2003 low Jan.2). On the flip side, the initial up-barrier lines up at 1.0683 (high Mar.12) followed by 1.0718 (high Mar.11) and finally 1.0855 (high Mar.10).
EUR/USD regains 1.0600
The pair is gaining traction once again following the European open on Friday, with the greenback giving away part of the initial gains and allowing the current rebound in the riskier assets.
In the data space, Italian inflation figures are due next with consensus expecting the CPI to have contracted 0.2% on a year to February and expanded 0.3% since January. Across the Atlantic, US Producer Prices and the Investor Sentiment tracked by the Reuters/Michigan index will be in the spotlight.
EUR/USD levels to consider
The pair is retreating 0.15% at 1.0618 and a breakdown of 1.0565 (low Mar.13) would target 1.0494 (12-year low Mar.12) en route to 1.0335 (2003 low Jan.2). On the flip side, the initial up-barrier lines up at 1.0683 (high Mar.12) followed by 1.0718 (high Mar.11) and finally 1.0855 (high Mar.10).