25 Feb 2016
EUR/USD keeps 1.10 post-German data
The common currency keeps its gains vs. the dollar today, with EUR/USD now hovering over the 1.1030 region following German releases.
EUR/USD focus on risk, EMU data
Spot kept the composure after final German inflation figures tracked by the broader HICP have matched the preliminary figures during January, contracting 1.0% MoM and rising 0.4% over the last twelve months. Previously, and still in Germany, Consumer Confidence gauged by Gfk has come in at 9.5 for the month of March vs. 9.3 expected.
The pair remains within a narrow range after rebounding from yesterday’s mid-1.0900s, with gains capped around 1.1040 ahead of EMU’s credit figures and CPI.
EUR/USD levels to watch
The pair is now up 0.14% at 1.1023 facing the next hurdle at 1.1048 (200-day sma) followed by 1.1112 (20-day sma) and finally 1.1220 (23.6% Fibo of December up-move). On the flip side, a break below 1.0974 (55-day sma) would expose 1.0955 (low Feb.24) and finally 1.0867 (76.4% Fibo of December up-move).
EUR/USD focus on risk, EMU data
Spot kept the composure after final German inflation figures tracked by the broader HICP have matched the preliminary figures during January, contracting 1.0% MoM and rising 0.4% over the last twelve months. Previously, and still in Germany, Consumer Confidence gauged by Gfk has come in at 9.5 for the month of March vs. 9.3 expected.
The pair remains within a narrow range after rebounding from yesterday’s mid-1.0900s, with gains capped around 1.1040 ahead of EMU’s credit figures and CPI.
EUR/USD levels to watch
The pair is now up 0.14% at 1.1023 facing the next hurdle at 1.1048 (200-day sma) followed by 1.1112 (20-day sma) and finally 1.1220 (23.6% Fibo of December up-move). On the flip side, a break below 1.0974 (55-day sma) would expose 1.0955 (low Feb.24) and finally 1.0867 (76.4% Fibo of December up-move).