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8 Sep 2015
EUR/USD muted on EMU release
FXStreet (Edinburgh) - The common currency kept the composure vs. the greenback in the wake of EMU's GDP, with EUR/USD hovering over the 1.1180 region.
EUR/USD indifferent on data
The pair keeps meandering around the 1.1180/70 area despite EMU’s GDP figures have shown that the region’s economy has expanded more than initially forecasted during the second quarter, 0.4% inter-quarter and 1.5% on a yearly basis, vs. 0.3% and 1.2% expected, respectively.
The pair remains in correction-mode after climbing as high as the 1.1230 area following the lackluster results from Chinese trade balance during last month.
EUR/USD key levels
The pair is advancing 0.03% at 1.1174 and a breakout of 1.1224 (high Sep.8) would target 1.1243 (high Sep.3) en route to 1.1294 (high Sep.2). On the other hand, the next support lines up at 1.1154 (low Sep.8) followed by 1.1089 (low Sep.4) and finally 1.1057 (low Aug.12).
EUR/USD indifferent on data
The pair keeps meandering around the 1.1180/70 area despite EMU’s GDP figures have shown that the region’s economy has expanded more than initially forecasted during the second quarter, 0.4% inter-quarter and 1.5% on a yearly basis, vs. 0.3% and 1.2% expected, respectively.
The pair remains in correction-mode after climbing as high as the 1.1230 area following the lackluster results from Chinese trade balance during last month.
EUR/USD key levels
The pair is advancing 0.03% at 1.1174 and a breakout of 1.1224 (high Sep.8) would target 1.1243 (high Sep.3) en route to 1.1294 (high Sep.2). On the other hand, the next support lines up at 1.1154 (low Sep.8) followed by 1.1089 (low Sep.4) and finally 1.1057 (low Aug.12).