2 Feb 2015
EUR/USD tests 1.1300 post-US docket
FXStreet (Edinburgh) - EUR/USD deflated to test the 1.1300 surrounding following the US data releases on Monday.
EUR/USD flat after data
The pair keeps the trade above the 1.1300 handle today after the Personal Income rose above estimates 0.3% during December, while Personal Spending contracted 0.3% during the same period, down from November’s 0.5% gain. Further data showed inflation figures tracked by the headline PCE rising at an annual pace of 0.7% vs. 1.2% previous; Core PCE advanced 1.3% over the last twelve months, down from 1.4% previous.
Next of note will be Markit’s manufacturing PMI and the more significant ISM manufacturing.
EUR/USD levels to consider
As of writing the pair is advancing 0.13% 1.1314 and a surpass of 1.1355 (10-d MA) would open the door to 1.1364 (high Jan.30) and finally 1.1368 (high Jan.29). On the flip side, the immediate support lines up at 1.1262 (low Jan.29) ahead of 1.1261 (50% of 1.1098-1.1423) and then 1.1200 (psychological level).
EUR/USD flat after data
The pair keeps the trade above the 1.1300 handle today after the Personal Income rose above estimates 0.3% during December, while Personal Spending contracted 0.3% during the same period, down from November’s 0.5% gain. Further data showed inflation figures tracked by the headline PCE rising at an annual pace of 0.7% vs. 1.2% previous; Core PCE advanced 1.3% over the last twelve months, down from 1.4% previous.
Next of note will be Markit’s manufacturing PMI and the more significant ISM manufacturing.
EUR/USD levels to consider
As of writing the pair is advancing 0.13% 1.1314 and a surpass of 1.1355 (10-d MA) would open the door to 1.1364 (high Jan.30) and finally 1.1368 (high Jan.29). On the flip side, the immediate support lines up at 1.1262 (low Jan.29) ahead of 1.1261 (50% of 1.1098-1.1423) and then 1.1200 (psychological level).