EUR/USD sticks to familiar ranges

By FXstreet.com | June 17, 2014 AAA

FXStreet (Guatemala) - EUR/USD is trading at 1.3547, up 0.00% on the day, having posted a daily high at 1.3551 and low at 1.3543.

EUR/USD has been trading within familiar ranges throughout global sessions, despite a series of European data and US data released. Valeria Bednarik, Chief analyst at FXStreet explained that the “ZEW survey show economic expectations for Germany have worsened once again in June 2014, for sixth month in a row, while US data resulted a bit more encouraging CPI increased by the most in almost two years, approaching FED’s target of 2%, while housing starts also in the US missed expectations but exceeded 1 million pace for second month, indicating the industry is picking up this quarter after the winter, another sign of economic”. We are expected to be working within tight ranges of course ahead of the FOMC coming up.

EUR/USD Levels

With spot trading at 1.3547, we can see next resistance ahead at 1.3549 (Hourly 100 SMA), 1.3550 (Hourly 20 EMA), 1.3551 (Daily High),1.3555 (Daily Classic PP) and 1.3573 (Hourly 200 SMA). Support below can be found at 1.3547 (Daily Open), 1.3543 (Daily Low), 1.3536 (Yesterday's Low), 1.3532 (Monthly Low) and (Weekly Low).

comments powered by Disqus
Related Forex Analysis
  1. Weekly Trading Forecast: FX Traders Prepare for Heavy Volatility on FOMC, GDP and ...
    Forex News

    Weekly Trading Forecast: FX Traders Prepare for Heavy Volatility on FOMC, GDP and ...

  2. Trading Video: EURUSD Traders Buckle Up for FOMC, ECB Stress Tests, Risk Trends
    Forex News

    Trading Video: EURUSD Traders Buckle Up for FOMC, ECB Stress Tests, Risk Trends

  3. US Session recap: USD consolidation ahead of FOMC
    Forex News

    US Session recap: USD consolidation ahead of FOMC

  4. A market in a technical snap-shot - RBS
    Forex News

    A market in a technical snap-shot - RBS

  5. EZ gave mixed data at key timings - BBH
    Forex News

    EZ gave mixed data at key timings - BBH

Trading Center