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15 May 2015
EUR/USD keeps lows post-US data
FXStreet (Edinburgh) - The demand for the shared currency remains subdued at the end of the week, with EUR/USD trading in session lows around 1.1330.
EUR/USD weaker post data
The pair kept the range despite the US regional manufacturing gauge tracked by the Empire State index came in below expectations for the current month at 3.09, albeit it has reverted the previous contraction at -1.19.
Next on tap will be US Industrial Production (0.1% exp.) followed by Capacity Utilization (78.4% exp.), all preceding the flash Reuters/Michigan index, expected at 96.0 vs. 95.9 previous.
EUR/USD levels to consider
At the moment the pair is losing 0.65% at 1.1334 and a break below 1.1324 (low May 15) would open the door to 1.1300 (psychological level) and then 1.1268 (10-d MA). On the flip side, the initial hurdle aligns at 1.1445 (high May 14) ahead of 1.1486 (high Feb.6) and then 1.1499 (high Feb.5).
EUR/USD weaker post data
The pair kept the range despite the US regional manufacturing gauge tracked by the Empire State index came in below expectations for the current month at 3.09, albeit it has reverted the previous contraction at -1.19.
Next on tap will be US Industrial Production (0.1% exp.) followed by Capacity Utilization (78.4% exp.), all preceding the flash Reuters/Michigan index, expected at 96.0 vs. 95.9 previous.
EUR/USD levels to consider
At the moment the pair is losing 0.65% at 1.1334 and a break below 1.1324 (low May 15) would open the door to 1.1300 (psychological level) and then 1.1268 (10-d MA). On the flip side, the initial hurdle aligns at 1.1445 (high May 14) ahead of 1.1486 (high Feb.6) and then 1.1499 (high Feb.5).