12 Feb 2015
EUR/USD inching higher near 1.1350
FXStreet (Edinburgh) - EUR/USD keeps intact the congestive pattern around the 1.1350 area on Thursday, stabilizing after recent tops above the 1.1500 handle.
EUR/USD focus on US data
The pair remains sidelined and keeps ignoring the headlines from Greece, following the recent failure in the EU-Greece debt negotiations. The talks however will resume on Monday, all framed within a new Eurogroup meeting.
Next on tap will be the US weekly report on the labour market followed by the more relevant Retail Sales. Prior surveys see headline sales contracting 0.5% inter-month in January, while sales excluding the Autos sector would have contracted 0.4%.
EUR/USD key levels
As of writing the pair is up 0.39% at 1.1336 and a break above of 1.1359 (high Feb.9) would target 1.1400 (psychological level) en route to 1.1438 (21-d MA). On the downside, the initial support aligns at 1.1270 (low Feb.9) ahead of 1.1262 (low Jan.29) and finally 1.1224 (low Jan.27).
EUR/USD focus on US data
The pair remains sidelined and keeps ignoring the headlines from Greece, following the recent failure in the EU-Greece debt negotiations. The talks however will resume on Monday, all framed within a new Eurogroup meeting.
Next on tap will be the US weekly report on the labour market followed by the more relevant Retail Sales. Prior surveys see headline sales contracting 0.5% inter-month in January, while sales excluding the Autos sector would have contracted 0.4%.
EUR/USD key levels
As of writing the pair is up 0.39% at 1.1336 and a break above of 1.1359 (high Feb.9) would target 1.1400 (psychological level) en route to 1.1438 (21-d MA). On the downside, the initial support aligns at 1.1270 (low Feb.9) ahead of 1.1262 (low Jan.29) and finally 1.1224 (low Jan.27).