14 Jul 2015
EUR/USD climbed to 1.1080 on US data
FXStreet (Edinburgh) - EUR/USD spiked to session tops after today’s US releases, managing to clinch levels beyond 1.1080.
EUR/USD stronger on US retail sales
The pair advanced further in response to the miserable figures from today’s Retail Sales in the US economy. In fact, headline sales contracted at a monthly pace of 0.3% vs. forecasts for a 0.3% gain; core sales – excluding the Autos sector – also dropped 0.1% vs. a 0.5% advanced initially estimated.
The euro is now gaining further upside momentum and trading closer to the 1.1100 barrier, up more than a big-figure since daily lows at 1.0960.
EUR/USD levels to watch
At the moment the pair is advancing 0.55% at 1.1063 with the next resistance at 1.1086 (high Jul.14) ahead of 1.1197 (high Jul.13) and finally 1.1215 (high Jul.10). On the downside, a break below 1.0965 (low Jul.14) would target 1.0916 (low Jul.7) en route to 1.0887 (low Jun.1).
EUR/USD stronger on US retail sales
The pair advanced further in response to the miserable figures from today’s Retail Sales in the US economy. In fact, headline sales contracted at a monthly pace of 0.3% vs. forecasts for a 0.3% gain; core sales – excluding the Autos sector – also dropped 0.1% vs. a 0.5% advanced initially estimated.
The euro is now gaining further upside momentum and trading closer to the 1.1100 barrier, up more than a big-figure since daily lows at 1.0960.
EUR/USD levels to watch
At the moment the pair is advancing 0.55% at 1.1063 with the next resistance at 1.1086 (high Jul.14) ahead of 1.1197 (high Jul.13) and finally 1.1215 (high Jul.10). On the downside, a break below 1.0965 (low Jul.14) would target 1.0916 (low Jul.7) en route to 1.0887 (low Jun.1).