30 Jan 2015
EUR/USD struggles below 1.1300
FXStreet (Edinburgh) - The shared currency remains unable to pick up pace in the European evening, relegating EUR/USD to the upper-1.1200s so far.
EUR/USD clings to 1.1300
After a brief dip to the 1.1280 neighbourhood following comments by the Greek finmin, the pair managed to partially revert losses although it still trades below the 1.1300 handle. The euro failed to spark further buying interest after US docket disappointed investors today, with the economy expanding at an annual pace of 2.6% in the fourth quarter vs. 3.3% forecasted. Later releases showed the consumer sentiment tracked by the Reuters/Michigan index improving to 98.1 from 93/6 and the Chicago PMI up to 59.4 vs. 58.3.
EUR/USD levels to consider
As of writing the pair is retreating 0.27% 1.1293 with the immediate support at 1.1262 (low Jan.29) ahead of 1.1261 (50% of 1.1098-1.1423) and then 1.1200 (psychological level). On the upside, a surpass of 1.1368 (high Jan.28) would open the door to 1.1371 (200-h MA) and finally 1.1384 (high Jan.28).
EUR/USD clings to 1.1300
After a brief dip to the 1.1280 neighbourhood following comments by the Greek finmin, the pair managed to partially revert losses although it still trades below the 1.1300 handle. The euro failed to spark further buying interest after US docket disappointed investors today, with the economy expanding at an annual pace of 2.6% in the fourth quarter vs. 3.3% forecasted. Later releases showed the consumer sentiment tracked by the Reuters/Michigan index improving to 98.1 from 93/6 and the Chicago PMI up to 59.4 vs. 58.3.
EUR/USD levels to consider
As of writing the pair is retreating 0.27% 1.1293 with the immediate support at 1.1262 (low Jan.29) ahead of 1.1261 (50% of 1.1098-1.1423) and then 1.1200 (psychological level). On the upside, a surpass of 1.1368 (high Jan.28) would open the door to 1.1371 (200-h MA) and finally 1.1384 (high Jan.28).