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28 Jan 2015
EUR/USD keeps the range post-data
FXStreet (Edinburgh) - The single currency remains in the upper 1.1300s on Wednesday, taking EUR/USD to the 1.1375/80 area.
EUR/USD waits for the FOMC
Markets seem to be in a consolidative pattern ahead of the critical FOMC meeting due later today, although the better tone in the greenback keeps the demand for the riskier assets subdued. Data wise in the euro area, December’s Import Prices in Germany contracted at a monthly pace of 1.7%, lower than the 0.8% drop from the previous month, and the Consumer Confidence tracked by Gfk improved to 9.3 for the month of February vs. 9.1 forecasted.
EUR/USD levels to watch
As of writing the pair is down 0.10% at 1.1367 with the next support at 1.1306 (100-h MA) followed by 1.1224 (low Jan.27) and then 1.1098 (11-year low Jan.26). On the upside, a break above 1.1423 (high Jan.27) would open the door to 1.1444 (200-h MA) and finally 1.1453 (10-d MA).
EUR/USD waits for the FOMC
Markets seem to be in a consolidative pattern ahead of the critical FOMC meeting due later today, although the better tone in the greenback keeps the demand for the riskier assets subdued. Data wise in the euro area, December’s Import Prices in Germany contracted at a monthly pace of 1.7%, lower than the 0.8% drop from the previous month, and the Consumer Confidence tracked by Gfk improved to 9.3 for the month of February vs. 9.1 forecasted.
EUR/USD levels to watch
As of writing the pair is down 0.10% at 1.1367 with the next support at 1.1306 (100-h MA) followed by 1.1224 (low Jan.27) and then 1.1098 (11-year low Jan.26). On the upside, a break above 1.1423 (high Jan.27) would open the door to 1.1444 (200-h MA) and finally 1.1453 (10-d MA).