Back
28 Mar 2014
EUR/USD keeps the range after US data
FXStreet (Edinburgh) - The EUR/USD remains in the 1.3735/30 region on Friday, after US data releases came in in line with expectations in February.
EUR/USD still in red
The pair is posting marginal losses and remains yet unable to pick up pace and recover part of the recent pullback. In the data front, US Personal Spending/Income rose 0.3% in February and the inflation figures tracked by the Personal Consumption Expenditures rose at an annual pace of 0.9%, matching estimates. Next on tap will be German HICP, expected at 1% YoY.
EUR/USD levels to watch
At the moment the pair is down 0.05% at 1.3732 with the next support at 1.3694 (low Feb.28) ahead of 1.3685 9daily cloud top) and then 1.3647 (daily cloud base). On the flip side a break above 1.3797 (high Mar.27) would open the door to 1.3825 (21-d MA) and finally 1.3827 (high Mar.26).
EUR/USD still in red
The pair is posting marginal losses and remains yet unable to pick up pace and recover part of the recent pullback. In the data front, US Personal Spending/Income rose 0.3% in February and the inflation figures tracked by the Personal Consumption Expenditures rose at an annual pace of 0.9%, matching estimates. Next on tap will be German HICP, expected at 1% YoY.
EUR/USD levels to watch
At the moment the pair is down 0.05% at 1.3732 with the next support at 1.3694 (low Feb.28) ahead of 1.3685 9daily cloud top) and then 1.3647 (daily cloud base). On the flip side a break above 1.3797 (high Mar.27) would open the door to 1.3825 (21-d MA) and finally 1.3827 (high Mar.26).