16 Jan 2014
EUR/USD in consolidation ahead of US data
FXstreet.com (Córdoba) - Despite some intraday volatility, the EUR/USD is enjoy a consolidative session Thursday with the pair hovering around 1.3600, barely affected by Eurozone inflation figures.
EUR/USD remains capped by 1.3630
The EUR/USD has spent most of the day within the 1.3585-1.3630 range, unable to set a fresh direction ahead of the next string of US data, including December's CPI and initial jobless claims. At time of writing, the EUR/USD is trading at the 1.3600 zone, virtually unchanged since opening.
EUR/USD levels to watch
As for technical levels, immediate resistances line up at 1.3627 (Jan 16 high), 1.3670 (21-day SMA) and 1.3680 (Jan 15 high). On the flip side, supports are seen at the 1.3585/80 area (Jan 16 & 15 lows) and 1.3560 (100-day SMA).
EUR/USD remains capped by 1.3630
The EUR/USD has spent most of the day within the 1.3585-1.3630 range, unable to set a fresh direction ahead of the next string of US data, including December's CPI and initial jobless claims. At time of writing, the EUR/USD is trading at the 1.3600 zone, virtually unchanged since opening.
EUR/USD levels to watch
As for technical levels, immediate resistances line up at 1.3627 (Jan 16 high), 1.3670 (21-day SMA) and 1.3680 (Jan 15 high). On the flip side, supports are seen at the 1.3585/80 area (Jan 16 & 15 lows) and 1.3560 (100-day SMA).