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14 Apr 2015
EUR/USD regains 1.0570
FXStreet (Edinburgh) - The single currency is now alternating gains with losses vs. the US dollar, with EUR/USD managing to clinch the 1.0570 level.
EUR/USD attention to the US docket
After bottoming out in the 1.0530 area, spot gathered pace and has now recovered the initial drop, looking to advance into the positive territory. The pair remained indifferent in spite of Spanish consumer prices missed expectations during March and Industrial Production in the euro area surprised investors to the upside in February.
Next of relevance will be the US Retail Sales, expected to have expanded 1.1% MoM during March and the NFIB Business Optimism Index (98.4 exp.).
EUR/USD key levels
The pair is now losing 0.02% at 1.0564 with the next support at 1.0457 (2015 low Mar.16) followed by 1.0400 (psychological level) and then 1.0360 (low Jan.8 2003). On the flip side, a breakout of 1.0620 (high Apr.13) would target 1.0684 (high Apr.10) en route to 1.0713 (Low Mar.31).
EUR/USD attention to the US docket
After bottoming out in the 1.0530 area, spot gathered pace and has now recovered the initial drop, looking to advance into the positive territory. The pair remained indifferent in spite of Spanish consumer prices missed expectations during March and Industrial Production in the euro area surprised investors to the upside in February.
Next of relevance will be the US Retail Sales, expected to have expanded 1.1% MoM during March and the NFIB Business Optimism Index (98.4 exp.).
EUR/USD key levels
The pair is now losing 0.02% at 1.0564 with the next support at 1.0457 (2015 low Mar.16) followed by 1.0400 (psychological level) and then 1.0360 (low Jan.8 2003). On the flip side, a breakout of 1.0620 (high Apr.13) would target 1.0684 (high Apr.10) en route to 1.0713 (Low Mar.31).