26 Mar 2015
EUR/USD off highs post-EMU data
FXStreet (Edinburgh) - The shared currency is now deflating from session peaks in the mid-1.10s following the releases in the euro area, with EUR/USD now returning to 1.1030 area.
EUR/USD weaker on data
The pair shed part of the initial gains after EMU’s 3 Money Supply expanded less that estimated 4.10% on a year to February vs. 4.3% expected and 4.1% from the previous month. In addition, Private Loans contracted at an annual pace of 0.1% during the last month, unchanged from the prior reading.
EUR/USD important levels
The pair is now up 0.58% at 1.1032 with the next resistance at 1.1053 (high Mar.26) ahead of 1.1062 (high Mar.18) and then 1.1115 (high Mar.5). On the flip side, a breakdown of 1.0891 (low Mar.24) would open the door to 1.0886 (21-d MA) and then 1.0768 (hourly low Mar.23).
EUR/USD weaker on data
The pair shed part of the initial gains after EMU’s 3 Money Supply expanded less that estimated 4.10% on a year to February vs. 4.3% expected and 4.1% from the previous month. In addition, Private Loans contracted at an annual pace of 0.1% during the last month, unchanged from the prior reading.
EUR/USD important levels
The pair is now up 0.58% at 1.1032 with the next resistance at 1.1053 (high Mar.26) ahead of 1.1062 (high Mar.18) and then 1.1115 (high Mar.5). On the flip side, a breakdown of 1.0891 (low Mar.24) would open the door to 1.0886 (21-d MA) and then 1.0768 (hourly low Mar.23).