15 Jan 2014
EUR/USD breaks down 1.3600 following upbeat Empire State man. index
FXstreet.com (San Francisco) - The Dollar is being fueled by a stronger than expected NY Empire State manufacturing index that shows a jump in January to 12.51 pts from December figures of 2.22. It is the highest reading since May 2012.
At the moment of release, the EUR/USD was testing the 1.3600 area but the upbeat data was the catalyst to send the pair down the key level and currently it is pricing around 1.3580.
EUR/USD levels:
If the Dollar keeps its momentum and maintains the pair below the 1.3600 level, the EUR/USD would face supports at 1.3565 and 1.3550. On the upside, resistances are now at 1.3600, 1.3625 and 1.3645.
At the moment of release, the EUR/USD was testing the 1.3600 area but the upbeat data was the catalyst to send the pair down the key level and currently it is pricing around 1.3580.
EUR/USD levels:
If the Dollar keeps its momentum and maintains the pair below the 1.3600 level, the EUR/USD would face supports at 1.3565 and 1.3550. On the upside, resistances are now at 1.3600, 1.3625 and 1.3645.