23 Dec 2014
EUR/USD flat ahead of key US data – MP
FXStreet (Barcelona) - Kenny Fisher, Currency Analyst at MarketPulse shares that the EUR/USD pair trades unchanged in the low 1.22 region as market wait to assess US data.
Key Quotes
“EUR/USD is unchanged on Tuesday, as the pair trades in the low-1.22 range in the European session. The euro remains under pressure, as the currency trades at its lowest level since August 2012.”
“On the release front, French Consumer Spending bounced back in November with a gain of 0.4%. In the US, it’s a day packed with releases ahead of the Christmas holiday. There are four key events on the calendar – Core Durable Goods Orders, Final GDP, UoM Consumer Sentiment and New Homes.”
“With the markets having plenty of data to assess, we could see some movement from EUR/USD during the North American session.”
“EUR/USD is listless, showing no change in the Asian or European sessions.”
“1.2143 is a strong support level. 1.2286 is a weak resistance line. 1.2407 is stronger.”
“Current range: 1.2143 to 1.2286”
Key Quotes
“EUR/USD is unchanged on Tuesday, as the pair trades in the low-1.22 range in the European session. The euro remains under pressure, as the currency trades at its lowest level since August 2012.”
“On the release front, French Consumer Spending bounced back in November with a gain of 0.4%. In the US, it’s a day packed with releases ahead of the Christmas holiday. There are four key events on the calendar – Core Durable Goods Orders, Final GDP, UoM Consumer Sentiment and New Homes.”
“With the markets having plenty of data to assess, we could see some movement from EUR/USD during the North American session.”
“EUR/USD is listless, showing no change in the Asian or European sessions.”
“1.2143 is a strong support level. 1.2286 is a weak resistance line. 1.2407 is stronger.”
“Current range: 1.2143 to 1.2286”