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20 Aug 2015
EUR/USD stays at highs after US jobless claims
FXStreet (Córdoba) - EUR/USD retreated slightly from highs despite US jobless claims unexpectedly increased last week.
US jobless claims increase for fourth consecutive week
Initial claims for unemployment benefits rose 4,000 to a seasonally adjusted 277,000 in the week ended Aug 15, posting the fourth increase in a row. Analysts expected claims to fall to 272,000 from a downwardly revised 273,000 the previous week.
However, the dollar remained unaffected by data, trading near lows versus the euro. EUR/USD is currently trading at 1.1171, recording a 0.48% gain on the day, having scored a high of 1.1184 in recent dealings. Up next will be July existing home sales and the Philly Fed manufacturing index.
On Thursday, the greenback weakened broadly after FOMC minutes were clearly less hawkish than expected and failed to provide a clear hint at a September rate hike.
EUR/USD technical levels
In terms of technical levels, immediate resistances could be found at 1.1188 (Aug 13 & 14 highs) and 1.1213 (Aug 12 high). On the other hand, supports are seen at 1.1106 (Aug 20 low), 1.1073 (50-day SMA) and 1.1050 (100-day SMA).
US jobless claims increase for fourth consecutive week
Initial claims for unemployment benefits rose 4,000 to a seasonally adjusted 277,000 in the week ended Aug 15, posting the fourth increase in a row. Analysts expected claims to fall to 272,000 from a downwardly revised 273,000 the previous week.
However, the dollar remained unaffected by data, trading near lows versus the euro. EUR/USD is currently trading at 1.1171, recording a 0.48% gain on the day, having scored a high of 1.1184 in recent dealings. Up next will be July existing home sales and the Philly Fed manufacturing index.
On Thursday, the greenback weakened broadly after FOMC minutes were clearly less hawkish than expected and failed to provide a clear hint at a September rate hike.
EUR/USD technical levels
In terms of technical levels, immediate resistances could be found at 1.1188 (Aug 13 & 14 highs) and 1.1213 (Aug 12 high). On the other hand, supports are seen at 1.1106 (Aug 20 low), 1.1073 (50-day SMA) and 1.1050 (100-day SMA).