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10 Sep 2015
EUR/USD muted on US data
FXStreet (Edinburgh) - The shared currency remained mostly apathetic vs. the dollar following US data, with EUR/USD wobbling around 1.1200 the figure.
EUR/USD still in red, clinches to 1.12
The pair kept the composure after US Initial Claims matched estimates at 275K in the week ended on September 4. Further releases showed Import Prices dropping 11.4% on a year to August and Export prices retreating 7.0% during the same period.
The pair seems to be poised for a continuation of the sideline pattern seen since the European morning around the 1.1200 handle, with no further data expected in Euroland or US.
EUR/USD key levels
The pair is retreating 0.03% at 1.1203 with the immediate support at 1.1147 (low Sep.9) followed by 1.1089 (low Sep.4) and finally 1.1057 (low Aug.12). On the other hand, a breakout of 1.1246 (high Sep.10) would target 1.1294 (high Sep.2) en route to 1.1332 (high Sep.1).
EUR/USD still in red, clinches to 1.12
The pair kept the composure after US Initial Claims matched estimates at 275K in the week ended on September 4. Further releases showed Import Prices dropping 11.4% on a year to August and Export prices retreating 7.0% during the same period.
The pair seems to be poised for a continuation of the sideline pattern seen since the European morning around the 1.1200 handle, with no further data expected in Euroland or US.
EUR/USD key levels
The pair is retreating 0.03% at 1.1203 with the immediate support at 1.1147 (low Sep.9) followed by 1.1089 (low Sep.4) and finally 1.1057 (low Aug.12). On the other hand, a breakout of 1.1246 (high Sep.10) would target 1.1294 (high Sep.2) en route to 1.1332 (high Sep.1).