9 Mar 2015
EUR/USD flat around 1.0850
FXStreet (Edinburgh) - The single currency is trading almost unchanged vs, the greenback at the beginning of the week, with EUR/USD hovering over the mid-1.0800s so far.
EUR/USD muted post-German data
The pair remained indifferent to the German external sector figures, showing that the trade surplus shrunk to €19.7 billion in January vs. €21.6 billion from the previous month.
Next on tap in the euro region will be the Investor Confidence tracked by the Sentix index, expected to improve to 15.0 in March from 12.4. In the meantime, market participants continue to digest Friday’s stellar US Payrolls (295K), although the dollar is trading in a mixed tone so far.
EUR/USD key levels
As of writing the pair is advancing 0.07% at 1.0857 and a breakout of 1.0900 (psychological level) would expose 1.1033 (high Mar.6) and then 1.1041 (100-h MA). On the flip side, the initial support aligns at 1.0809 (low Sep.4 2003) ahead of 1.0800 (psychological level) and then 1.0762 (low Sep.3 2003).
EUR/USD muted post-German data
The pair remained indifferent to the German external sector figures, showing that the trade surplus shrunk to €19.7 billion in January vs. €21.6 billion from the previous month.
Next on tap in the euro region will be the Investor Confidence tracked by the Sentix index, expected to improve to 15.0 in March from 12.4. In the meantime, market participants continue to digest Friday’s stellar US Payrolls (295K), although the dollar is trading in a mixed tone so far.
EUR/USD key levels
As of writing the pair is advancing 0.07% at 1.0857 and a breakout of 1.0900 (psychological level) would expose 1.1033 (high Mar.6) and then 1.1041 (100-h MA). On the flip side, the initial support aligns at 1.0809 (low Sep.4 2003) ahead of 1.0800 (psychological level) and then 1.0762 (low Sep.3 2003).