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12 Mar 2015
EUR/USD tests 1.0680 on US data
FXStreet (Edinburgh) - The common currency extends the upside on Thursday, with EUR/USD now posting session highs near 1.0680.
EUR/USD firmer on US docket
The pair climbs further after Retail Sales in the US economydisappointed markets during February: headline sales contracted 0.6% vs. the forecasted gain of 0.3%, while sales excluding the Autos sector dropped 0.1%. Further results showed import prices rising 0.4% MoM vs. 0.2% estimated and export prices contracted 0.1% inter-month.
On the bright side, Initial Claims decreased to 289K in the week ended on March 6th, bettering expectations at 305K and down from the previous week at 320K.
EUR/USD key levels
As of writing the pair is advancing 1.08% at 1.0661 with the next hurdle at 1.0718 (high Mar.11) followed by 1.0757 (100-h MA) and then 1.0855 (high Mar.10). On the downside, a breach of 1.0494 (12-year low Mar.12) would expose 1.0335 (2003 low Jan.2) and finally 1.0207 (low Dec.19 2002).
EUR/USD firmer on US docket
The pair climbs further after Retail Sales in the US economydisappointed markets during February: headline sales contracted 0.6% vs. the forecasted gain of 0.3%, while sales excluding the Autos sector dropped 0.1%. Further results showed import prices rising 0.4% MoM vs. 0.2% estimated and export prices contracted 0.1% inter-month.
On the bright side, Initial Claims decreased to 289K in the week ended on March 6th, bettering expectations at 305K and down from the previous week at 320K.
EUR/USD key levels
As of writing the pair is advancing 1.08% at 1.0661 with the next hurdle at 1.0718 (high Mar.11) followed by 1.0757 (100-h MA) and then 1.0855 (high Mar.10). On the downside, a breach of 1.0494 (12-year low Mar.12) would expose 1.0335 (2003 low Jan.2) and finally 1.0207 (low Dec.19 2002).