24 Mar 2015
EUR/USD keeps limited by 1.1000
FXStreet (Edinburgh) - The single currency remains on the right footing vs. the US dollar on Tuesday, sending EUR/USD to test the boundaries of 1.1000 the figure.
EUR/USD propped up by PMI results
The pair gained further traction after flash manufacturing and services PMIs in Germany and the EMU came in above expectations for the current month, sustaining levels above the 50 threshold. French results, instead, came in mixed although its effects were quickly dissipated.
Next on tap for the pair will be the key inflation figures in the US economy tracked by the CPI, expected to have contracted 0.1% on a year to February.
EUR/USD important levels
The pair is now up 0.29% at 1.0978 with the next hurdle at 1.1062 (high Mar.18) ahead of 1.1115 (high Mar.5) and then 1.1123 (61.8% of 1.1534-1.0457). On the flip side, a break below 1.0909 (21-d MA) would open the door to 1.0780 (100-h MA) and then 1.0768 (hourly low Mar.23).
EUR/USD propped up by PMI results
The pair gained further traction after flash manufacturing and services PMIs in Germany and the EMU came in above expectations for the current month, sustaining levels above the 50 threshold. French results, instead, came in mixed although its effects were quickly dissipated.
Next on tap for the pair will be the key inflation figures in the US economy tracked by the CPI, expected to have contracted 0.1% on a year to February.
EUR/USD important levels
The pair is now up 0.29% at 1.0978 with the next hurdle at 1.1062 (high Mar.18) ahead of 1.1115 (high Mar.5) and then 1.1123 (61.8% of 1.1534-1.0457). On the flip side, a break below 1.0909 (21-d MA) would open the door to 1.0780 (100-h MA) and then 1.0768 (hourly low Mar.23).