9 Jun 2015
EUR/USD remains in sub-1.13 on data
FXStreet (Edinburgh) - The common currency failed to regain the positive ground on Tuesday, with EUR/USD navigating around 1.1285/80 so far.
EUR/USD a tad better post-EMU data
The pair found some support following the second revision of the EMU’s GDP figures during the first quarter, showing that the region’s economy expanded 0.4% inter-quarter and 1.0% on a yearly basis, matching the previous revision and forecasts.
That was all in the data front in Euroland, while the Business Optimism Index tracked by NFIB will be the main release across the Atlantic.
EUR/USD levels to watch
The pair is now retreating 0.07% at 1.1282 and a breach of 1.1256 (low Jun.9) would target 1.1179 (low Jun.4) en route to 1.1084 (low Jun.8). On the flip side, the initial up barrier aligns at 1.1346 (high Jun.9) followed by 1.1383 (high May 13) and then 1.1400 (psychological level).
EUR/USD a tad better post-EMU data
The pair found some support following the second revision of the EMU’s GDP figures during the first quarter, showing that the region’s economy expanded 0.4% inter-quarter and 1.0% on a yearly basis, matching the previous revision and forecasts.
That was all in the data front in Euroland, while the Business Optimism Index tracked by NFIB will be the main release across the Atlantic.
EUR/USD levels to watch
The pair is now retreating 0.07% at 1.1282 and a breach of 1.1256 (low Jun.9) would target 1.1179 (low Jun.4) en route to 1.1084 (low Jun.8). On the flip side, the initial up barrier aligns at 1.1346 (high Jun.9) followed by 1.1383 (high May 13) and then 1.1400 (psychological level).