30 Jan 2015
EUR/USD eases to 1.1330 post-German data
FXStreet (Edinburgh) - The single currency is now giving away some gains vs. the US dollar, with EUR/USD returning to the 1.1330 area.
EUR/USD deflates after data
The pair left the area of session highs beyond 1.1340 after retail sales in Germany expanded less than expected 0.2% inter-month (vs. 0.3% expected) and 4.0% on a year to December (vs. 3.5% estimated). Spot keeps marginal gains nonetheless, in a context slightly favourable to the risk-on trade.
Ahead in the day, flash CPI in the euro area will grab all the attention followed by the US GDP Annualized during the last three months of 2014.
EUR/USD levels to consider
As of writing the pair is up 0.02% at 1.1327 and a break above 1.1368 (high Jan.28) would open the door to 1.1380 (200-h MA) and finally 1.1384 (high Jan.28). On the other hand, the next support lies at 1.1303 (100-h MA) followed by 1.1262 (low Jan.29) and then 1.1261 (50% of 1.1098-1.1423).
EUR/USD deflates after data
The pair left the area of session highs beyond 1.1340 after retail sales in Germany expanded less than expected 0.2% inter-month (vs. 0.3% expected) and 4.0% on a year to December (vs. 3.5% estimated). Spot keeps marginal gains nonetheless, in a context slightly favourable to the risk-on trade.
Ahead in the day, flash CPI in the euro area will grab all the attention followed by the US GDP Annualized during the last three months of 2014.
EUR/USD levels to consider
As of writing the pair is up 0.02% at 1.1327 and a break above 1.1368 (high Jan.28) would open the door to 1.1380 (200-h MA) and finally 1.1384 (high Jan.28). On the other hand, the next support lies at 1.1303 (100-h MA) followed by 1.1262 (low Jan.29) and then 1.1261 (50% of 1.1098-1.1423).