17 Mar 2015
EUR/USD keeps 1.0600 on EMU data
FXStreet (Edinburgh) - The shared currency kept the composure following the releases in the euro area on Tuesday, with EUR/USD hovering above the 1.0600 mark.
EUR/USD unchanged on data
The pair remains in the low 1.06s after final consumer prices in the euro region contracted 0.3% on a year to February and expanded 0.6% inter-month; Core prices rose 0.7% on a yearly basis, surpassing estimates.
Further data saw the ZEW Survey in Germany coming in mixed, with Economic Sentiment disappointing expectations at 54.8 for the current month and Current Situation improving to 55.1 vs. 50.0 forecasted. EMU’s Economic Sentiment surpassed consensus and February’s print, advancing to 62.4.
EUR/USD key levels
As of writing the pair is up 0.33% at 1.0603 with the next resistance at 1.0635 (high Mar.13) ahead of 1.0683 (high Mar.12) and then 1.0718 (high Mar.11). On the flip side, a break below 1.0457 (12-year low Mar.16) would expose 1.0335 (2003 low Jan.2) and then 1.0300 (psychological level).
EUR/USD unchanged on data
The pair remains in the low 1.06s after final consumer prices in the euro region contracted 0.3% on a year to February and expanded 0.6% inter-month; Core prices rose 0.7% on a yearly basis, surpassing estimates.
Further data saw the ZEW Survey in Germany coming in mixed, with Economic Sentiment disappointing expectations at 54.8 for the current month and Current Situation improving to 55.1 vs. 50.0 forecasted. EMU’s Economic Sentiment surpassed consensus and February’s print, advancing to 62.4.
EUR/USD key levels
As of writing the pair is up 0.33% at 1.0603 with the next resistance at 1.0635 (high Mar.13) ahead of 1.0683 (high Mar.12) and then 1.0718 (high Mar.11). On the flip side, a break below 1.0457 (12-year low Mar.16) would expose 1.0335 (2003 low Jan.2) and then 1.0300 (psychological level).