Forex: EUR/USD easing to 1.3355/60 after US data
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EUR/USD
FXstreet.com (Barcelona) - The bloc currency is giving away some pips after the positive data in both the labor market and the housing sector in the US economy. In fact, Initial Jobless Claims fell to 335K, beating estimates at 365K and Housing Starts rose by 0.954M during December.
Next on tap will be the Philadelphia Fed Manufacturing Index, expected to ease to 7.1 in January from 8.1 previous.
As of writing, the cross is 0.49% at 1.3355 and a break above 1.3370 (Upper Bollinger) would aim for 1.3382 (high Jan.14) and then 1.3487 (2012 high Feb.24).
On the flip side, support levels are located at 1.3249 (low Jan.11) ahead of 1.3221 (MA21d) and 1.3204 (MA10d).
Next on tap will be the Philadelphia Fed Manufacturing Index, expected to ease to 7.1 in January from 8.1 previous.
As of writing, the cross is 0.49% at 1.3355 and a break above 1.3370 (Upper Bollinger) would aim for 1.3382 (high Jan.14) and then 1.3487 (2012 high Feb.24).
On the flip side, support levels are located at 1.3249 (low Jan.11) ahead of 1.3221 (MA21d) and 1.3204 (MA10d).
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