31 Jul 2015
EUR/USD eyes 1.0960 on EMU CPI
FXStreet (Edinburgh) - The common currency keeps its daily range on Friday vs. the dollar, with EUR/USD navigating the 1.0960 area so far.
EUR/USD indifferent on EMU data
The pair is regaining ground after today’s EMU releases, with preliminary headline consumer prices rising at an annual pace of 0.2% for the month of July and Core prices advancing 0.9% YoY vs. forecasts at 0.2% and 0.8%, respectively. Still in the euro area, the Unemployment rate stayed put at elevated levels, printing 11.1% for the same period.
EUR/USD key levels
At the moment the pair is up 0.22% at 1.0956 with the next resistance at 1.0991 (high Jul.30) followed by 1.1080 (high Jul.29) and finally 1.1130 (high Jul.27). On the downside, a breach of 1.0920 (low Jul.31) would aim for 1.0869 (low Jul.22) en route to 1.0811 (low Jul.21).
EUR/USD indifferent on EMU data
The pair is regaining ground after today’s EMU releases, with preliminary headline consumer prices rising at an annual pace of 0.2% for the month of July and Core prices advancing 0.9% YoY vs. forecasts at 0.2% and 0.8%, respectively. Still in the euro area, the Unemployment rate stayed put at elevated levels, printing 11.1% for the same period.
EUR/USD key levels
At the moment the pair is up 0.22% at 1.0956 with the next resistance at 1.0991 (high Jul.30) followed by 1.1080 (high Jul.29) and finally 1.1130 (high Jul.27). On the downside, a breach of 1.0920 (low Jul.31) would aim for 1.0869 (low Jul.22) en route to 1.0811 (low Jul.21).