19 Aug 2015
EUR/USD challenges lows post-US CPI
FXStreet (Edinburgh) - EUR/USD has briefly tested session highs around 1.1080 following US CPI figures, although the bull run lost momentum and returned to the 1.1030 area.
EUR/USD keeps the range on US inflation
The pair keeps the daily range after US headline consumer prices rose 0.2% on a yearly basis, while core prices – excluding Food and Energy costs – came in at 1.8% on a year to July, both prints matching initial forecasts.
Ahead in the session, FOMC minutes are due, with market participants expecting the Committee to shed further details on the probable Fed’s lift-off in September.
EUR/USD levels to watch
As of writing the pair is up 0.06% at 1.1028 with the next resistance at 1.1095 (high Aug.18) followed by 1.1190 (high Aug.13) and finally 1.1215 (high Aug.12). On the flip side, a breach of 1.1017 (low Aug.18) would target 1.0961 (low Aug.11) en route to 1.0925 (low Aug.10).
EUR/USD keeps the range on US inflation
The pair keeps the daily range after US headline consumer prices rose 0.2% on a yearly basis, while core prices – excluding Food and Energy costs – came in at 1.8% on a year to July, both prints matching initial forecasts.
Ahead in the session, FOMC minutes are due, with market participants expecting the Committee to shed further details on the probable Fed’s lift-off in September.
EUR/USD levels to watch
As of writing the pair is up 0.06% at 1.1028 with the next resistance at 1.1095 (high Aug.18) followed by 1.1190 (high Aug.13) and finally 1.1215 (high Aug.12). On the flip side, a breach of 1.1017 (low Aug.18) would target 1.0961 (low Aug.11) en route to 1.0925 (low Aug.10).