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11 Sep 2015
EUR/USD muted on US releases
FXStreet (Edinburgh) - The shared currency paid no attention to US Producer Prices today, with EUR/USD hovering over the 1.1280/85 band so far.
EUR/USD within the range, below 1.13
The pair keeps alternating gains with losses around 1.1280 today, coming down from the earlier spike to the 1.1310/15 band while finding decent support around the mid-1.1200s.
Nothing to write home about on the data front, with US headline Producer Prices coming in flat on a monthly basis. Excluding food and energy costs, prices advanced 0.3% MoM.
EUR/USD key levels
The pair is retreating 0.04% at 1.1275 with the immediate support at 1.1253 (low Sep.11) ahead of 1.1147 (low Sep.9) and finally 1.1089 (low Sep.4). On the other hand, a breakout of 1.1311 (high Sep.11) would open the door 1.1332 (high Sep.1) and then 1.1364 (high Aug.27).
EUR/USD within the range, below 1.13
The pair keeps alternating gains with losses around 1.1280 today, coming down from the earlier spike to the 1.1310/15 band while finding decent support around the mid-1.1200s.
Nothing to write home about on the data front, with US headline Producer Prices coming in flat on a monthly basis. Excluding food and energy costs, prices advanced 0.3% MoM.
EUR/USD key levels
The pair is retreating 0.04% at 1.1275 with the immediate support at 1.1253 (low Sep.11) ahead of 1.1147 (low Sep.9) and finally 1.1089 (low Sep.4). On the other hand, a breakout of 1.1311 (high Sep.11) would open the door 1.1332 (high Sep.1) and then 1.1364 (high Aug.27).