12 Feb 2014
EUR/USD consolidating below 1.3600
FXStreet (Edinburgh) - The 1.3600 handle remains elusive for EUR traders, with the EUR/USD looking to stabilize in the 1.3580/90 range as the US session is drawing to a close.
EUR/USD focus on German CPI, US docket
Quite interesting day ahead for the pair on Thursday, as German Jan. final consumer prices are due (1.2% YoY), followed by the usual US weekly labour market report, Jan. retail sales and Yellen’s speech. “Focus for EUR remains on the key releases identified by ECB President Draghi last Thursday, the first of which will be Friday’s release of Q4 GDP with expectations of 0.2% QoQ”, noted Eric Theoret, Currency Strategist at Scotiabank.
EUR/USD key levels
As of writing the pair is down 0.35% at 1.3591 with the immediate support at 1.3572 (10-d MA) ahead of 1.3563 (low Feb.12) and then 1.3552 (low Feb.7). On the upside, a surpass of 1.3639 (bear channel top) would target 1.3653 (high Feb.12) en route to 1.3683 (high Feb.11).
EUR/USD focus on German CPI, US docket
Quite interesting day ahead for the pair on Thursday, as German Jan. final consumer prices are due (1.2% YoY), followed by the usual US weekly labour market report, Jan. retail sales and Yellen’s speech. “Focus for EUR remains on the key releases identified by ECB President Draghi last Thursday, the first of which will be Friday’s release of Q4 GDP with expectations of 0.2% QoQ”, noted Eric Theoret, Currency Strategist at Scotiabank.
EUR/USD key levels
As of writing the pair is down 0.35% at 1.3591 with the immediate support at 1.3572 (10-d MA) ahead of 1.3563 (low Feb.12) and then 1.3552 (low Feb.7). On the upside, a surpass of 1.3639 (bear channel top) would target 1.3653 (high Feb.12) en route to 1.3683 (high Feb.11).