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16 Jul 2015
EUR/USD unchanged on US data
FXStreet (Edinburgh) - EUR/USD remained in the 1.0880/70 band following today’s releases across the pond.
EUR/USD centered on Draghi
The pair stayed unchanged after US Initial Claims bettered expectations today, dropping to 281K in the week ended on July 10. Further publications in the US docket include the Phily Fed Manufacturing Survey, the NAHB index and TIC Flows, followed by Chair Yellen’s Testimony before the Senate.
The pair has largely ignored the data, focused instead on the ongoing press conference by President Mario Draghi.
EUR/USD levels to watch
At the moment the pair is retreating 0.71% at 1.0873 and a breach of 1.0819 (low May 27) would target 1.0789 (low Apr.25) en route to 1.0666 (low Apr.24). On the other hand, the initial up barrier aligns at 1.1036 (high Jul.15) followed by 1.1086 (high Jul.14) and then 1.1197 (high Jul.13).
EUR/USD centered on Draghi
The pair stayed unchanged after US Initial Claims bettered expectations today, dropping to 281K in the week ended on July 10. Further publications in the US docket include the Phily Fed Manufacturing Survey, the NAHB index and TIC Flows, followed by Chair Yellen’s Testimony before the Senate.
The pair has largely ignored the data, focused instead on the ongoing press conference by President Mario Draghi.
EUR/USD levels to watch
At the moment the pair is retreating 0.71% at 1.0873 and a breach of 1.0819 (low May 27) would target 1.0789 (low Apr.25) en route to 1.0666 (low Apr.24). On the other hand, the initial up barrier aligns at 1.1036 (high Jul.15) followed by 1.1086 (high Jul.14) and then 1.1197 (high Jul.13).