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12 Mar 2015
EUR/USD wobbling around 1.0600
FXStreet (Edinburgh) - The European currency is concentrating its trade around the key 1.0600 handle on Thursday, with EUR/USD correcting lower from peaks near 1.0650.
EUR/USD now focus on US data
The pair remains on the right footing today, reverting part of the recent sharp sell-off against a backdrop of generalized weakness surrounding the greenback. Mixed data from inflation figures in EU members and Industrial Production from the euro bloc did not affect the pair, which remains mainly driven by USD dynamics and the ongoing ECB’s QE programme.
In another direction BuBa’s J.Weidmann said inflation expectations in the longer term remain anchored, with negative prices in the region being only temporary. In addition, he is not optimistic regarding Greece regaining markets access by the mid of the current year.
EUR/USD key levels
As of writing the pair is advancing 0.76% at 1.0627 with the next hurdle at 1.0718 (high Mar.11) followed by 1.0757 (100-h MA) and then 1.0855 (high Mar.10). On the downside, a breach of 1.0494 (12-year low Mar.12) would expose 1.0335 (2003 low Jan.2) and finally 1.0207 (low Dec.19 2002).
EUR/USD now focus on US data
The pair remains on the right footing today, reverting part of the recent sharp sell-off against a backdrop of generalized weakness surrounding the greenback. Mixed data from inflation figures in EU members and Industrial Production from the euro bloc did not affect the pair, which remains mainly driven by USD dynamics and the ongoing ECB’s QE programme.
In another direction BuBa’s J.Weidmann said inflation expectations in the longer term remain anchored, with negative prices in the region being only temporary. In addition, he is not optimistic regarding Greece regaining markets access by the mid of the current year.
EUR/USD key levels
As of writing the pair is advancing 0.76% at 1.0627 with the next hurdle at 1.0718 (high Mar.11) followed by 1.0757 (100-h MA) and then 1.0855 (high Mar.10). On the downside, a breach of 1.0494 (12-year low Mar.12) would expose 1.0335 (2003 low Jan.2) and finally 1.0207 (low Dec.19 2002).