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18 Mar 2014
EUR/USD around 1.3900 on US data
FXStreet (Edinburgh) - The EUR/USD is clinging to the 1.3900 level after mixed US data on Tuesday.
EUR/USD trims losses
The pair managed to leave behind earlier losses and regained the 1.3900 hanlde after US headline consumer prices rose at an annual pace of 1.1% in February, missing forecasts for a 1.2% advance. The Core reading, which excludes food and energy costs, matched estimates rising 1.6% over the last twelve months. Further data showed Building Permits rose to a seasonally adjusted 1.018 million in February and Housing Starts rose to 907K, a tad lower than 910K expected.
EUR/USD key levels
At the moment the pair is losing 0.06% at 1.3913 with the next support at 1.3879 (low Mar.17) ahead of 1.3873 (10-d MA) and then 1.3848 (low Mar.14). On the flip side, a break above 1.3938 (high Mar.18) would target 1.3948 (high Mar.17) en route to 1.3967 (2014 high Mar.13).
EUR/USD trims losses
The pair managed to leave behind earlier losses and regained the 1.3900 hanlde after US headline consumer prices rose at an annual pace of 1.1% in February, missing forecasts for a 1.2% advance. The Core reading, which excludes food and energy costs, matched estimates rising 1.6% over the last twelve months. Further data showed Building Permits rose to a seasonally adjusted 1.018 million in February and Housing Starts rose to 907K, a tad lower than 910K expected.
EUR/USD key levels
At the moment the pair is losing 0.06% at 1.3913 with the next support at 1.3879 (low Mar.17) ahead of 1.3873 (10-d MA) and then 1.3848 (low Mar.14). On the flip side, a break above 1.3938 (high Mar.18) would target 1.3948 (high Mar.17) en route to 1.3967 (2014 high Mar.13).