13 May 2015
EUR/USD supported at 1.1200
FXStreet (Edinburgh) - After dropping to the 1.1200 neighbourhood, EUR/USD has now regained the 1.1225/30 band on Wednesday.
EUR/USD lower on data
The pair came down from the boundaries of 1.1270 to session lows near 1.1200 the figure following the lacklustre prints from the German and EMU GDP figures during the first quarter.
The recovery in the German Bunds today after yesterday’s spike to multi-month highs is removing a significant tailwind from the euro as well, and with the situation in Greece momentarily in the back burner, the next risk event for the pair will be US Retail Sales during April (headline at 0.2% exp.).
EUR/USD levels to watch
At the moment the pair is advancing 0.13% at 1.1229 with the next up barrier at 1.1290 (high May 8) followed by 1.1392 (high May 7) and then 1.1400 (psychological level). On the other hand, a break below 1.1131 (low May 11) would aim for 1.1067 (low May 5) and finally 1.1059 (38.2% of 1.0521-1.1392).
EUR/USD lower on data
The pair came down from the boundaries of 1.1270 to session lows near 1.1200 the figure following the lacklustre prints from the German and EMU GDP figures during the first quarter.
The recovery in the German Bunds today after yesterday’s spike to multi-month highs is removing a significant tailwind from the euro as well, and with the situation in Greece momentarily in the back burner, the next risk event for the pair will be US Retail Sales during April (headline at 0.2% exp.).
EUR/USD levels to watch
At the moment the pair is advancing 0.13% at 1.1229 with the next up barrier at 1.1290 (high May 8) followed by 1.1392 (high May 7) and then 1.1400 (psychological level). On the other hand, a break below 1.1131 (low May 11) would aim for 1.1067 (low May 5) and finally 1.1059 (38.2% of 1.0521-1.1392).