27 Feb 2015
EUR/USD inching higher near 1.1230
FXStreet (Edinburgh) - The euro continues to push higher albeit at a snail pace on Friday, with EUR/USD hovering over the 1.1230 area.
EUR/USD attention on Germany, US data
The pair remains in the low-1.1200s today despite the greenback seem to be taking a breather after yesterday’s strong upside. Consumer prices in Germany are due next, with consensus pointing to an annual contraction of 0.2% in February.
In another tone, Fed’s Bullards argued the strong improvement in the US labour market should prompt the Fed to act sooner, expecting the first rate hike before end of Q3. In addition, the other Fed member Lockhart suggested that any rate hike should consider the state of the economy.
EUR/USD relevant levels
As of writing the pair is advancing 0.19% at 1.1219 with the next hurdle at 1.1300 (psychological level) followed by 1.1335 (10-d MA) and finally 1.1350 (21-d MA). On the downside, a dip beyond 1.1184 (low Feb.26) would expose 1.1098 (11-year low Jan.26) and then 1.1047 (low Sep.8 2003).
EUR/USD attention on Germany, US data
The pair remains in the low-1.1200s today despite the greenback seem to be taking a breather after yesterday’s strong upside. Consumer prices in Germany are due next, with consensus pointing to an annual contraction of 0.2% in February.
In another tone, Fed’s Bullards argued the strong improvement in the US labour market should prompt the Fed to act sooner, expecting the first rate hike before end of Q3. In addition, the other Fed member Lockhart suggested that any rate hike should consider the state of the economy.
EUR/USD relevant levels
As of writing the pair is advancing 0.19% at 1.1219 with the next hurdle at 1.1300 (psychological level) followed by 1.1335 (10-d MA) and finally 1.1350 (21-d MA). On the downside, a dip beyond 1.1184 (low Feb.26) would expose 1.1098 (11-year low Jan.26) and then 1.1047 (low Sep.8 2003).