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14 Jan 2015
EUR/USD regains 1.1800
FXStreet (Edinburgh) - The single currency keeps its buoyant tone on Wednesday, now pushing EUR/USD back above the 1.1800 handle.
EUR/USD reacted positively to French data
Consumer prices in the French economy surprised to the upside today, rising at a monthly pace of 0.1% in December and leaving behind the previous drop of 0.2%; on a YoY basis, prices also rose 0.1%, surpassing forecasts for a flat reading, although lower than November’s 0.4% advance. Next on tap will be the Italian inflation gauges followed by EMU’s Industrial Production figures during November (0.2% MoM exp.).
EUR/USD key levels
After a brief spike near 1.1810, the pair is now up 0.10% at 1.1784 with the next resistance at 1.1866 (200-h MA) followed by 1.1871 (high Jan.12) and then 1.1897 (high Jan.7). On the flip side, a breakdown of 1.1753 (2015 low Jan.13) would aim for 1.1640 (low Nov. 2005) and finally 1.1376 (low Nov.2003).
EUR/USD reacted positively to French data
Consumer prices in the French economy surprised to the upside today, rising at a monthly pace of 0.1% in December and leaving behind the previous drop of 0.2%; on a YoY basis, prices also rose 0.1%, surpassing forecasts for a flat reading, although lower than November’s 0.4% advance. Next on tap will be the Italian inflation gauges followed by EMU’s Industrial Production figures during November (0.2% MoM exp.).
EUR/USD key levels
After a brief spike near 1.1810, the pair is now up 0.10% at 1.1784 with the next resistance at 1.1866 (200-h MA) followed by 1.1871 (high Jan.12) and then 1.1897 (high Jan.7). On the flip side, a breakdown of 1.1753 (2015 low Jan.13) would aim for 1.1640 (low Nov. 2005) and finally 1.1376 (low Nov.2003).