21 Nov 2013
EUR/USD indifferent to US data
FXstreet.com (Córdoba) - The EUR/USD remained little changed near daily highs following the latest string of US upbeat data.
US jobless claims dropped to 323,000 last week from 344,000, while US PPI came in line with expectations. The USD however, failed to benefit from data and EUR/USD moved only a few pips away from the 1.3460 zone, where it was trading before the release. At time of writing, the EUR/USD is trading at 1.3455, recording a 0.1% gain on the day. The euro received a boost earlier and rose to highs in the vicinity of 1.3475 as ECB Draghi played down prospects of negative deposit rates.
EUR/USD technical levels
In terms of technical levels, EUR/USD might find resistances at 1.3476 (daily high), 1.3500 (psychological level) and 1.3530 (20-day SMA). On the other hand, supports are seen at 1.3398 (daily low) and 1.3384 (100-day SMA).
US jobless claims dropped to 323,000 last week from 344,000, while US PPI came in line with expectations. The USD however, failed to benefit from data and EUR/USD moved only a few pips away from the 1.3460 zone, where it was trading before the release. At time of writing, the EUR/USD is trading at 1.3455, recording a 0.1% gain on the day. The euro received a boost earlier and rose to highs in the vicinity of 1.3475 as ECB Draghi played down prospects of negative deposit rates.
EUR/USD technical levels
In terms of technical levels, EUR/USD might find resistances at 1.3476 (daily high), 1.3500 (psychological level) and 1.3530 (20-day SMA). On the other hand, supports are seen at 1.3398 (daily low) and 1.3384 (100-day SMA).