25 Feb 2016
EUR/USD muted post-CPI, still above 1.10
The shared currency stayed put after EMU’s CPI today, with EUR/USD clinging to its daily gains around 1.1015/10 band.
EUR/USD unchanged on data
The pair has faded the overnight spike to daily peaks near 1.1040, giving away gains towards the 1.1000 handle as sentiment remains slightly biased towards the risk appetite. Collaborating with the upbeat sentiment, European equity markets are extending their gains after a positive open.
Spot has practically ignored the final inflation figures in the euro area, with headline CPI rising 0.3% on a year to January and Core CPI up 1.0% YoY.
EUR/USD levels to watch
The pair is now up 0.02% at 1.1010 with the next hurdle at 1.1048 (200-day sma) followed by 1.1112 (20-day sma) and finally 1.1220 (23.6% Fibo of December up-move). On the other hand, a break below 1.0974 (55-day sma) would expose 1.0955 (low Feb.24) and finally 1.0867 (76.4% Fibo of December up-move).
EUR/USD unchanged on data
The pair has faded the overnight spike to daily peaks near 1.1040, giving away gains towards the 1.1000 handle as sentiment remains slightly biased towards the risk appetite. Collaborating with the upbeat sentiment, European equity markets are extending their gains after a positive open.
Spot has practically ignored the final inflation figures in the euro area, with headline CPI rising 0.3% on a year to January and Core CPI up 1.0% YoY.
EUR/USD levels to watch
The pair is now up 0.02% at 1.1010 with the next hurdle at 1.1048 (200-day sma) followed by 1.1112 (20-day sma) and finally 1.1220 (23.6% Fibo of December up-move). On the other hand, a break below 1.0974 (55-day sma) would expose 1.0955 (low Feb.24) and finally 1.0867 (76.4% Fibo of December up-move).