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24 Feb 2015
EUR/USD testing 1.1300 on EMU data
FXStreet (Edinburgh) - The shared currency extends its negative mood on Tuesday, now dragging EUR/USD to another test of the 1.1300 key support.
EUR/USD ignored EMU’s CPI
The pair practically ignored the final CPI data from the euro area today, with consumer prices contracting at an annual pace of 0.6% and 1.6% inter-month; core prices rose 0.6% on a yearly basis, a tad lower from the previous 0.7%.
Ahead in the session, Yellen’s Semi-Annual Testimony will take centre stage today, putting the Greek headlines in the back burner, at least in the very near term.
EUR/USD levels to consider
As of writing the pair is retreating 0.26% at 1.1303 and a breakdown of 1.1278 (low Feb.20) would aim for 1.1270 (low Feb.9) and finally 1.1262 (low Jan.29). On the upside, the initial barrier aligns at 1.1430 (high Feb.20) followed by 1.1450 (high Feb.19) and then 1.1486 (high Feb.6).
EUR/USD ignored EMU’s CPI
The pair practically ignored the final CPI data from the euro area today, with consumer prices contracting at an annual pace of 0.6% and 1.6% inter-month; core prices rose 0.6% on a yearly basis, a tad lower from the previous 0.7%.
Ahead in the session, Yellen’s Semi-Annual Testimony will take centre stage today, putting the Greek headlines in the back burner, at least in the very near term.
EUR/USD levels to consider
As of writing the pair is retreating 0.26% at 1.1303 and a breakdown of 1.1278 (low Feb.20) would aim for 1.1270 (low Feb.9) and finally 1.1262 (low Jan.29). On the upside, the initial barrier aligns at 1.1430 (high Feb.20) followed by 1.1450 (high Feb.19) and then 1.1486 (high Feb.6).