28 Nov 2014
EUR/USD falters ahead of 1.2500
FXStreet (Edinburgh) - EUR/USD remains in the upper bound of the intraday range on Friday, hovering over 1.2480/90 so far.
EUR/USD stronger on USD weakness
After dropping to session lows around 1.2430 early in the European trading hours, spot managed to pick up pace and is actually gearing up for a potential visit of the 1.2500 handle, all amidst a softer tone from the US dollar. Nothing expected in the euro region in the data front for the rest of the session, with previous releases showing that consumer prices in the euro area rose 0.3% on a year to November and German retail sales surprised investors growing 1.9% inter-month during October
EUR/USD levels to watch
As of writing the pair is up 0.10% at 1.2480 and a break above 1.2524 (high Nov.27) would open the door to 1.2532 (high Nov.26) and then 1.2564 (Kijun Sen). On the downside, the immediate support aligns at 1.2402 (low Nov.25) followed by 1.2358 (2014 low Nov.7) and then 1.2342 (low Aug.21 2012).
EUR/USD stronger on USD weakness
After dropping to session lows around 1.2430 early in the European trading hours, spot managed to pick up pace and is actually gearing up for a potential visit of the 1.2500 handle, all amidst a softer tone from the US dollar. Nothing expected in the euro region in the data front for the rest of the session, with previous releases showing that consumer prices in the euro area rose 0.3% on a year to November and German retail sales surprised investors growing 1.9% inter-month during October
EUR/USD levels to watch
As of writing the pair is up 0.10% at 1.2480 and a break above 1.2524 (high Nov.27) would open the door to 1.2532 (high Nov.26) and then 1.2564 (Kijun Sen). On the downside, the immediate support aligns at 1.2402 (low Nov.25) followed by 1.2358 (2014 low Nov.7) and then 1.2342 (low Aug.21 2012).