30 Aug 2013
EUR/USD keeps the range post-US PCE
FXstreet.com (Edinburgh) -The euro is posting no reaction after the softer data from the US docket on Friday, with the EUR/USD keeping the range around 1.3230/40.
EUR/USD indifferent to data
US Inflation figures gauged by the Personal Consumption Expenditures posted an annual expansion of 1.4%, while the Core reading – stripping energy and food costs – climbed to 1.2% in a year to July. Matching June’s print. In the same tone, Personal Income and Personal Spending rose 0.1%, both missing the median at 0.3%. Next on tap will be the final measure of the Consumer Sentiment for the month of August sponsored by Reuters/Michigan (80.5 exp.).
EUR/USD key levels
At the moment the pair is down 0.03% at 1.3236 and a breach of 1.3219 (low Aug.29) would bring 1.3206 (low Aug.5) and finally 1.3188 (low Aug.2). On the upside, the initial resistance lines up at 1.3298 (low Aug.22) followed by 1.3322 (low Aug.27) and then 1.3341 (MA10d).
EUR/USD indifferent to data
US Inflation figures gauged by the Personal Consumption Expenditures posted an annual expansion of 1.4%, while the Core reading – stripping energy and food costs – climbed to 1.2% in a year to July. Matching June’s print. In the same tone, Personal Income and Personal Spending rose 0.1%, both missing the median at 0.3%. Next on tap will be the final measure of the Consumer Sentiment for the month of August sponsored by Reuters/Michigan (80.5 exp.).
EUR/USD key levels
At the moment the pair is down 0.03% at 1.3236 and a breach of 1.3219 (low Aug.29) would bring 1.3206 (low Aug.5) and finally 1.3188 (low Aug.2). On the upside, the initial resistance lines up at 1.3298 (low Aug.22) followed by 1.3322 (low Aug.27) and then 1.3341 (MA10d).