EUR/USD survived poor data

By FXstreet.com | August 28, 2014 AAA

FXStreet (Edinburgh) - The EUR/USD almost ignored the less auspicious data releases in the euro area, keeping the trade above the 1.3200 handle so far.



EUR/USD muted post-EMU data



Spot remained unchanged after confidence and sentiment gauges in the euro region disappointed expectations in August: Economic Sentiment dropped to 100.6 while Consumer Confidence fell further to -10 from -8.4 previous. On a different note, Business Climate posted 0.16, surpassing forecasts (0.10) albeit a tad lower than the 0.17 previous. The EUR managed to stay above 1.3200 the figure nonetheless, with focus now on German inflation figures due later.



EUR/USD significant levels



At the moment the pair is up 0.15% at 1.3213 and a surpass of 1.3221 (high Aug.25) would open the door to 1.3297 (high Aug.22) ahead of 1.3324 (high Aug.20). On the flip side, the immediate support aligns at 1.3152 (trend low Aug.27) followed by 1.3105 (low Sep.6 2013) and finally 1.3089 (low Jul.19 2013).



comments powered by Disqus
Related Forex Analysis
  1. NZD/USD Rebounds After Piercing Line Pattern Offered Bullish Signal
    Forex News

    NZD/USD Rebounds After Piercing Line Pattern Offered Bullish Signal

  2. GBP/USD Recovery May Lack Fuel Amid Void Of Reversal Signals
    Forex News

    GBP/USD Recovery May Lack Fuel Amid Void Of Reversal Signals

  3. EUR/USD Descent Stalls As A Doji Candlestick Highlights Hesitation
    Forex News

    EUR/USD Descent Stalls As A Doji Candlestick Highlights Hesitation

  4. USD/JPY recovered from Asian lows at 108.55, but still under pressure
    Forex News

    USD/JPY recovered from Asian lows at 108.55, but still under pressure

  5. EUR/USD Sitting Still
    Investing

    EUR/USD Sitting Still

Trading Center