7 Jan 2015
EUR/USD below 1.19 as Eurozone CPI declines – MP
FXStreet (Barcelona) - Kenny Fisher, Currency Analyst at Market Pulse, shares that EUR/USD posted losses today, trading in the mid-1.18 range after Eurozone CPI declined to register a negative print for the first time since 2009.
Key Quotes
“EUR/USD has posted slight losses on Wednesday trading in the mid-1.18 range. The euro has lost 150 points so far this week, as the common currency continues its move downward.”
“On the release front, it’s a busy schedule in the Eurozone and in the US. Eurozone CPI disappointed with a decline of 0.2%. German data was positive, as Retail Sales jumped 1.0% and Unemployment Claims dropped by 27 thousand.”
“EUR/USD was flat in the Asian session. The pair has edged lower in European trade.”
“1.1926 is an immediate resistance line. 1.1802 is a weak support line. 1.1734 is stronger.”
“Current range: 1.802 to 1.1926”
Key Quotes
“EUR/USD has posted slight losses on Wednesday trading in the mid-1.18 range. The euro has lost 150 points so far this week, as the common currency continues its move downward.”
“On the release front, it’s a busy schedule in the Eurozone and in the US. Eurozone CPI disappointed with a decline of 0.2%. German data was positive, as Retail Sales jumped 1.0% and Unemployment Claims dropped by 27 thousand.”
“EUR/USD was flat in the Asian session. The pair has edged lower in European trade.”
“1.1926 is an immediate resistance line. 1.1802 is a weak support line. 1.1734 is stronger.”
“Current range: 1.802 to 1.1926”