Back
3 Sep 2015
EUR/USD muted on EMU data
FXStreet (Edinburgh) - The single currency keeps its gains vs. the greenback on Thursday, with EUR/USD hovering over the 1.1240 area.
EUR/USD indifferent after EMU releases
The pair remained apathetic after Retail Sales in the euro area came in on a mixed tone during July, expanding 0.4% on a monthly basis vs. 0.6% forecasted and reverting the previous 0.2% contraction. On a yearly basis, sales expanded beyond estimates 2.7% vs. 2.0% anticipated and up from the 1.7% previous.
Market participants practically ignored the positive results from the final Services PMIs in Euroland during August, while keeping the cautious tone ahead of the ECB meeting due later.
EUR/USD key levels
At the moment the pair is up 0.09% at 1.1236 with the immediate support at 1.1205 (low Sep.3) followed by 1.1180 (low Aug.31) and then 1.1156 (low Aug.27). On the other hand, a break above 1.1294 (high Sep.2) would expose 1.1320 (high Sep.2) and finally 1.1333 (high Sep.1).
EUR/USD indifferent after EMU releases
The pair remained apathetic after Retail Sales in the euro area came in on a mixed tone during July, expanding 0.4% on a monthly basis vs. 0.6% forecasted and reverting the previous 0.2% contraction. On a yearly basis, sales expanded beyond estimates 2.7% vs. 2.0% anticipated and up from the 1.7% previous.
Market participants practically ignored the positive results from the final Services PMIs in Euroland during August, while keeping the cautious tone ahead of the ECB meeting due later.
EUR/USD key levels
At the moment the pair is up 0.09% at 1.1236 with the immediate support at 1.1205 (low Sep.3) followed by 1.1180 (low Aug.31) and then 1.1156 (low Aug.27). On the other hand, a break above 1.1294 (high Sep.2) would expose 1.1320 (high Sep.2) and finally 1.1333 (high Sep.1).