14 Mar 2014
EUR/USD keeps the range on US data
FXStreet (Edinburgh) - The EUR/USD remained unchanged after the release of the US Producer Prices for the month of January.
EUR/USD remains around 1.3880
The pair posted almost no reaction after US producer prices contracted 0.1% inter-month and advanced 0.9% over the last twelve months. Core prices, which strips the food and energy costs, fell 0.2% on a monthly basis and rose at an annual pace of 1.1%. Next on tap will be the advance print of the Consumer Sentiment gauged by the Reuters/ Michigan index, expected to improve to 82.0 for the month of March.
EUR/USD key levels
The pair is now up 0.06% at 1.3877 with the next resistance at 1.4000 (psychological level) followed by 1.4100 (psychological level) and then 1.4172 (high Oct.31 2011). On the flip side, a breakdown of 1.3846 (low Mar.13) would target 1.3843 (low Mar.12) en route to 1.3834 (low Mar.11).
EUR/USD remains around 1.3880
The pair posted almost no reaction after US producer prices contracted 0.1% inter-month and advanced 0.9% over the last twelve months. Core prices, which strips the food and energy costs, fell 0.2% on a monthly basis and rose at an annual pace of 1.1%. Next on tap will be the advance print of the Consumer Sentiment gauged by the Reuters/ Michigan index, expected to improve to 82.0 for the month of March.
EUR/USD key levels
The pair is now up 0.06% at 1.3877 with the next resistance at 1.4000 (psychological level) followed by 1.4100 (psychological level) and then 1.4172 (high Oct.31 2011). On the flip side, a breakdown of 1.3846 (low Mar.13) would target 1.3843 (low Mar.12) en route to 1.3834 (low Mar.11).