24 Jun 2015
EUR/USD tests sub-1.1200 on US data
FXStreet (Edinburgh) - The single currency is now shedding some pips vs. the US dollar, dragging EUR/USD back to the 1.1180 area.
EUR/USD capped by 1.1240
Spot left levels above 1.1200 the figure after US GDP figures showed the economy has contracted at an annual pace of 0.2% during the first three months of the year, in line with the previous revision. In addition, inflation figures gauged by the core PCE rose 0.8% on a yearly basis and Personal Consumption advanced 2.1% vs.1.8% forecasted.
EUR/USD levels to consider
As of writing the pair is up 0.12% at 1.1181 and a breakout of 1.1236 (high Jun.23) would open the door to 1.1349 (high Jun.23) and finally 1.1404 (high Jun.22). On the other hand, the next support lines up at 1.1154 (low Jun.24) followed by 1.1135 (low Jun.23) and then 1.1087 (low Jun.8).
EUR/USD capped by 1.1240
Spot left levels above 1.1200 the figure after US GDP figures showed the economy has contracted at an annual pace of 0.2% during the first three months of the year, in line with the previous revision. In addition, inflation figures gauged by the core PCE rose 0.8% on a yearly basis and Personal Consumption advanced 2.1% vs.1.8% forecasted.
EUR/USD levels to consider
As of writing the pair is up 0.12% at 1.1181 and a breakout of 1.1236 (high Jun.23) would open the door to 1.1349 (high Jun.23) and finally 1.1404 (high Jun.22). On the other hand, the next support lines up at 1.1154 (low Jun.24) followed by 1.1135 (low Jun.23) and then 1.1087 (low Jun.8).