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2 Mar 2015
EUR/USD remains above 1.1200 on US data
FXStreet (Edinburgh) - EUR/USD manages to keep the trade above the 1.1200 handle on Monday, following the results from the US data releases.
EUR/USD around 1.1220
The pair remained apathetic after US Personal Spending contracted more than expected 0.2% in January vs. 0.1% initially forecasted; Personal Income also disappointed investors, gaining 0.3% during the same period, below 0.4% expected albeit matching December’s reading. Further data showed the inflation measured by the Personal Consumption Expenditures rising 0.1% MoM while Core PCE rose above expected 1.3 on a year to January.
EUR/USD levels to consider
At the moment the pair is up 0.23% at 1.1216 with the initial hurdle at 1.1245 (high Feb.27) followed by 1.1317 (10-d MA) and finally 1.1345 (21-d MA). On the downside, a breach below 1.1100 (psychological level) would open the door to 1.1098 (11-year low Jan.26) and then 1.1000 (psychological level).
EUR/USD around 1.1220
The pair remained apathetic after US Personal Spending contracted more than expected 0.2% in January vs. 0.1% initially forecasted; Personal Income also disappointed investors, gaining 0.3% during the same period, below 0.4% expected albeit matching December’s reading. Further data showed the inflation measured by the Personal Consumption Expenditures rising 0.1% MoM while Core PCE rose above expected 1.3 on a year to January.
EUR/USD levels to consider
At the moment the pair is up 0.23% at 1.1216 with the initial hurdle at 1.1245 (high Feb.27) followed by 1.1317 (10-d MA) and finally 1.1345 (21-d MA). On the downside, a breach below 1.1100 (psychological level) would open the door to 1.1098 (11-year low Jan.26) and then 1.1000 (psychological level).