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Trading news
16 Apr 2015
EUR/USD keeps highs on US data
FXStreet (Edinburgh) - Another miss from the US docket pushed EUR/USD to test fresh daily peaks near 1.0760 on Thursday.
EUR/USD stronger post-data
The pair saw its upside intensified after Initial Claims increased to 294K in the week ended on April 10 vs. consensus at 280K. Further data showed both Housing Starts and Building Permits missing forecasts in March, coming at 0.926 M and 1.039 M, respectively.
Ahead in the session, the Philly Fed Manufacturing Survey is due ahead of speeches by Fed members Lockhart, Mester, Rosengren and Fischer.
EUR/USD key levels
The pair is now advancing 0.51% at 1.0738 with the next resistance at 1.0768 (high Apr.16) followed by 1.0788 (high Apr.9) and finally 1.0800 (psychological level). On the flip side, a break below 1.0613 (100-h MA) would open the door to 1.0571 (low Apr.15) and finally 1.0532 (low Apr.14).
EUR/USD stronger post-data
The pair saw its upside intensified after Initial Claims increased to 294K in the week ended on April 10 vs. consensus at 280K. Further data showed both Housing Starts and Building Permits missing forecasts in March, coming at 0.926 M and 1.039 M, respectively.
Ahead in the session, the Philly Fed Manufacturing Survey is due ahead of speeches by Fed members Lockhart, Mester, Rosengren and Fischer.
EUR/USD key levels
The pair is now advancing 0.51% at 1.0738 with the next resistance at 1.0768 (high Apr.16) followed by 1.0788 (high Apr.9) and finally 1.0800 (psychological level). On the flip side, a break below 1.0613 (100-h MA) would open the door to 1.0571 (low Apr.15) and finally 1.0532 (low Apr.14).