31 Jul 2015
EUR/USD eases to 1.0930
FXStreet (Edinburgh) - The shared currency is trading almost unchanged vs. the US dollar on Friday, with EUR/USD now deflating to the 1.0930 area.
EUR/USD muted on German data
The pair remained apathetic after the disappointing figures from German Retail Sales, contracting at a monthly pace of 2.1% during June vs. forecasts for a 0.3% gain. On a yearly basis, sales rose 5.1%, reverting the previous contraction of 1.0%.
The demand for the single currency remains subdued at the end of the week, with spot trading in a narrow range against a backdrop of a generalized sentiment towards the greenback.
EUR/USD key levels
At the moment the pair is up 0.04% at 1.0936 and a breakdown of 1.0928 (low Jul.31) would aim for 1.0869 (low Jul.22) en route to 1.0811 (low Jul.21). On the flip side, the next up barrier aligns at 1.0991 (high Jul.30) followed by 1.1080 (high Jul.29) and finally 1.1130 (high Jul.27).
EUR/USD muted on German data
The pair remained apathetic after the disappointing figures from German Retail Sales, contracting at a monthly pace of 2.1% during June vs. forecasts for a 0.3% gain. On a yearly basis, sales rose 5.1%, reverting the previous contraction of 1.0%.
The demand for the single currency remains subdued at the end of the week, with spot trading in a narrow range against a backdrop of a generalized sentiment towards the greenback.
EUR/USD key levels
At the moment the pair is up 0.04% at 1.0936 and a breakdown of 1.0928 (low Jul.31) would aim for 1.0869 (low Jul.22) en route to 1.0811 (low Jul.21). On the flip side, the next up barrier aligns at 1.0991 (high Jul.30) followed by 1.1080 (high Jul.29) and finally 1.1130 (high Jul.27).