13 May 2014
EUR/USD woke up after US data
FXStreet (Edinburgh) - The single currency showed signs of life on Tuesday, with the EUR/USD now assaulting the 1.3720/30 band.
EUR/USD picked up pace after US docket
The pair is trying to put further distance from the critical support at 1.3700 after US Retail Sales disappointed investors during April, expanding only 0.1% inter-month and coming in flat if we exclude the auto sector. Further US releases showed both import and export prices below their forecasts on a monthly basis at -0.4% and 1.0%, respectively. Next on tap in the euro area will be tomorrow’s German consumer prices and EMU’s Industrial Production.
EUR/USD levels to consider
As of writing the pair is losing 0.28% at 1.3718 and a breakdown of 1.3700 (psychological level) would target 1.3672 (low Apr.4) en route to 1.3643 (low Feb.27). On the upside, the immediate hurdle lines up at 1.3775 (high May 12) ahead of 1.3783 (daily cloud top) and finally 1.3820 (21-d MA).
EUR/USD picked up pace after US docket
The pair is trying to put further distance from the critical support at 1.3700 after US Retail Sales disappointed investors during April, expanding only 0.1% inter-month and coming in flat if we exclude the auto sector. Further US releases showed both import and export prices below their forecasts on a monthly basis at -0.4% and 1.0%, respectively. Next on tap in the euro area will be tomorrow’s German consumer prices and EMU’s Industrial Production.
EUR/USD levels to consider
As of writing the pair is losing 0.28% at 1.3718 and a breakdown of 1.3700 (psychological level) would target 1.3672 (low Apr.4) en route to 1.3643 (low Feb.27). On the upside, the immediate hurdle lines up at 1.3775 (high May 12) ahead of 1.3783 (daily cloud top) and finally 1.3820 (21-d MA).