13 Feb 2015
EUR/USD inches higher after US data
FXStreet (Córdoba) - EUR/USD inched a tad higher and moved off daily lows toward the 1.1400 area, following the latest string of US data.
EUR/USD had bottomed out at 1.1379 before finding support and recovering some ground. However, the euro remains headed for a third weekly gain despite uncertainty about the Greek debt crisis.
On the data front, US import prices fell 2.8% in January and 8.0% YoY while export prices dropped 2.0% and 5.4% respectively. Scheduled for later remains the Reuters/Michigan February’s Consumer Sentiment, expected to stay put at 98.1.
EUR/USD levels to watch
At time of writing, the pair is trading at 1.1390, down 0.1% on the day. In terms of technical levels, EUR/USD could find immediate resistances 1.1442 (daily high) and 1.1485 (Feb 5 & 6 highs) ahead of 1.1500 (psychological level). On the flip side, supports are seen at 1.1379 (daily low), 1.1301/00 (Feb 12 low/psychological level) and 1.1279 (Feb 11 low).
EUR/USD had bottomed out at 1.1379 before finding support and recovering some ground. However, the euro remains headed for a third weekly gain despite uncertainty about the Greek debt crisis.
On the data front, US import prices fell 2.8% in January and 8.0% YoY while export prices dropped 2.0% and 5.4% respectively. Scheduled for later remains the Reuters/Michigan February’s Consumer Sentiment, expected to stay put at 98.1.
EUR/USD levels to watch
At time of writing, the pair is trading at 1.1390, down 0.1% on the day. In terms of technical levels, EUR/USD could find immediate resistances 1.1442 (daily high) and 1.1485 (Feb 5 & 6 highs) ahead of 1.1500 (psychological level). On the flip side, supports are seen at 1.1379 (daily low), 1.1301/00 (Feb 12 low/psychological level) and 1.1279 (Feb 11 low).