17 Nov 2015
EUR/USD muted on US CPI, near 1.0670
FXStreet (Edinburgh) - The shared currency remained apathetic after the release of US CPI, leaving EUR/USD navigating around the 1.0660 area.
EUR/USD indifferent on data
The pair kept the composure after US inflation figures have matched initial forecasts for the month of October. In fact, headline consumer prices have risen at an annual pace of 0.2%, while prices excluding Energy and Food costs rose 1.9% over the last twelve months.
Next on tap will be a gauge of the housing market tracked by the NAHB index, Industrial Production figures and Capacity Utilization.
EUR/USD levels to watch
As of writing the pair is losing 0.17% at 1.0666 facing the next support at 1.0600 (psychological level) ahead of 1.0519 (low Apr.13) and finally 1.0456 (2015 low Mar.16). On the other hand, a breakout of 1.0807 (downtrend from 1.1496) would target 1.0829 (high Nov.12) en route to 1.1076 (200-day sma).
EUR/USD indifferent on data
The pair kept the composure after US inflation figures have matched initial forecasts for the month of October. In fact, headline consumer prices have risen at an annual pace of 0.2%, while prices excluding Energy and Food costs rose 1.9% over the last twelve months.
Next on tap will be a gauge of the housing market tracked by the NAHB index, Industrial Production figures and Capacity Utilization.
EUR/USD levels to watch
As of writing the pair is losing 0.17% at 1.0666 facing the next support at 1.0600 (psychological level) ahead of 1.0519 (low Apr.13) and finally 1.0456 (2015 low Mar.16). On the other hand, a breakout of 1.0807 (downtrend from 1.1496) would target 1.0829 (high Nov.12) en route to 1.1076 (200-day sma).