29 Jan 2015
EUR/USD regains 1.1300
FXStreet (Edinburgh) - The single currency posted is inching higher following the string of data in Germany and the EMU, with EUR/USD meandering around 1.1300 the figure.
EUR/USD back to gains
The pair is managing to return to the positive territory after the jobless rate in Germany ticked lower to 6.5% in January and the unemployment decreased by 8K. Further releases, this time in the euro bloc, showed the M3 Money Supply expanded at an annual pace of 3.6% in December and Private Loans grew 3.1% on a year to December, surpassing estimates. Next on tap will be EMU’s Economic Sentiment and Consumer Confidence ahead of Germany’s inflation figures due in the European afternoon.
EUR/USD levels to consider
The pair is now advancing 0.10% at 1.1301 with the next resistance at 1.1384 (high Jan.28) followed by 1.1410 (10-d MA) and then 1.1413 (200-h MA). On the flip side, a breakdown of 1.1260 (50% of 1.1098-1.1423) would target 1.1222 (61.8% of 1.1098-1.1423) en route to 1.1098 (11-year low jan.26).
EUR/USD back to gains
The pair is managing to return to the positive territory after the jobless rate in Germany ticked lower to 6.5% in January and the unemployment decreased by 8K. Further releases, this time in the euro bloc, showed the M3 Money Supply expanded at an annual pace of 3.6% in December and Private Loans grew 3.1% on a year to December, surpassing estimates. Next on tap will be EMU’s Economic Sentiment and Consumer Confidence ahead of Germany’s inflation figures due in the European afternoon.
EUR/USD levels to consider
The pair is now advancing 0.10% at 1.1301 with the next resistance at 1.1384 (high Jan.28) followed by 1.1410 (10-d MA) and then 1.1413 (200-h MA). On the flip side, a breakdown of 1.1260 (50% of 1.1098-1.1423) would target 1.1222 (61.8% of 1.1098-1.1423) en route to 1.1098 (11-year low jan.26).