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14 Aug 2015
EUR/USD stays around 1.1130 post-EMU data
FXStreet (Edinburgh) - After dropping in the area of 1.1120, EUR/USD is now looking to stabilize around the 1.1135/30 band.
EUR/USD still in red on data
The pair remains in the area of 1.1130 today after final consumer prices in the euro area have matched expectations for the month of July, contracting 0.6% inter-month and rising 0.2% over the last twelve months. Core prices rose at an annual pace of 1.0%, up from June’s 0.9% rise.
Further releases in the euro bloc showed the GDP came in below forecasts, showing the economy has expanded 0.3% QoQ and 1.2% on a yearly basis, vs. prior surveys at 0.4% and 1.3%, respectively.
EUR/USD levels to watch
As of writing the pair is losing 0.12% at 1.1135 and a break below 1.1124 (low Aug.13) would aim for 1.1057 (low Aug.12) ahead of 1.0961 (low Aug.11). On the upside, the initial up-barrier aligns at 1.1190 (high Aug.13) ahead of 1.1215 (high Aug.12) and finally 1.1244 (high Jun.30).
EUR/USD still in red on data
The pair remains in the area of 1.1130 today after final consumer prices in the euro area have matched expectations for the month of July, contracting 0.6% inter-month and rising 0.2% over the last twelve months. Core prices rose at an annual pace of 1.0%, up from June’s 0.9% rise.
Further releases in the euro bloc showed the GDP came in below forecasts, showing the economy has expanded 0.3% QoQ and 1.2% on a yearly basis, vs. prior surveys at 0.4% and 1.3%, respectively.
EUR/USD levels to watch
As of writing the pair is losing 0.12% at 1.1135 and a break below 1.1124 (low Aug.13) would aim for 1.1057 (low Aug.12) ahead of 1.0961 (low Aug.11). On the upside, the initial up-barrier aligns at 1.1190 (high Aug.13) ahead of 1.1215 (high Aug.12) and finally 1.1244 (high Jun.30).