30 Mar 2015
EUR/USD tests lows on US data
FXStreet (Edinburgh) - The single currency is now giving away some pips, pushing EUR/USD to the proximity of 1.0820, the lower bound of the range.
EUR/USD remains weak below 1.0900
The pair challenged session lows after US Personal Income rose 0.4% from January to February, bettering estimates at 0.3%; on the opposite side, Personal Spending gained 0.1% vs. 0.2% expected. The inflation figures gauged by the PCE advanced 0.2% MoM and 0.3% on a year to February while the Core measure rose 0.1% inter-month and 1.4% YoY.
EUR/USD key levels
At the moment the pair is retreating 0.39% at 1.0841 with the immediate support at 1.0801 (low Mar.27) ahead of 1.0767 (low Mar.23) and then 1.0760 (50% of 1.0457-1.1062). On the flip side, a breakout of 1.0934 (Kijun Sen) would open the door to 1.0949 (high Mar.27) and finally 1.1052 (high Mar.26).
EUR/USD remains weak below 1.0900
The pair challenged session lows after US Personal Income rose 0.4% from January to February, bettering estimates at 0.3%; on the opposite side, Personal Spending gained 0.1% vs. 0.2% expected. The inflation figures gauged by the PCE advanced 0.2% MoM and 0.3% on a year to February while the Core measure rose 0.1% inter-month and 1.4% YoY.
EUR/USD key levels
At the moment the pair is retreating 0.39% at 1.0841 with the immediate support at 1.0801 (low Mar.27) ahead of 1.0767 (low Mar.23) and then 1.0760 (50% of 1.0457-1.1062). On the flip side, a breakout of 1.0934 (Kijun Sen) would open the door to 1.0949 (high Mar.27) and finally 1.1052 (high Mar.26).