17 Aug 2015
EUR/USD testing highs near 1.1130
FXStreet (Edinburgh) - The common currency is now gaining further altitude vs. the greenback, lifting EUR/USD to session peaks near 1.1130.
EUR/USD stronger post-US data
The pair’s upside has picked up further pace after the US Empire State index slumped to -14.92 for the current month, badly missing estimates at 5.00 and lower than July’s 3.86.
Spot is thus extending the recovery from daily troughs around 1.1060 ahead of the more relevant NAHB index and TIC Flows figures due later.
EUR/USD levels to watch
As of writing the pair is retreating 0.06% at 1.1102 and a breakdown of 1.1063 (low Aug.17) would aim for 1.1057 (low Aug.12) ahead of 1.0961 (low Aug.11). On the upside, the initial hurdle aligns at 1.1190 (high Aug.13) ahead of 1.1215 (high Aug.12) and finally 1.1244 (high Jun.30).
EUR/USD stronger post-US data
The pair’s upside has picked up further pace after the US Empire State index slumped to -14.92 for the current month, badly missing estimates at 5.00 and lower than July’s 3.86.
Spot is thus extending the recovery from daily troughs around 1.1060 ahead of the more relevant NAHB index and TIC Flows figures due later.
EUR/USD levels to watch
As of writing the pair is retreating 0.06% at 1.1102 and a breakdown of 1.1063 (low Aug.17) would aim for 1.1057 (low Aug.12) ahead of 1.0961 (low Aug.11). On the upside, the initial hurdle aligns at 1.1190 (high Aug.13) ahead of 1.1215 (high Aug.12) and finally 1.1244 (high Jun.30).