15 Nov 2013
EUR/USD tests highs on US data
FXstreet.com (Edinburgh) - The bloc currency remains in the upper end of today’s range on Friday, lifting the EUR/USD beyond 1.3470 after the US data releases.
EUR/USD capped by 1.3470
The pair broke higher after the overall softer tone from the US Import Prices, contracting more than expected 0.7% on a monthly basis during October; Export Prices followed suit, falling0.5% inter-month. The advanced regional manufacturing gauge by the Empire State index came in short of expectations for the month of November, contracting to -2.21 vs. 5.00 expected and October’s 1.52.
EUR/USD key levels
As of writing the pair is up 0.07% at 1.3469 with the next resistance at 1.3499 (high Nov.14) ahead of 1.3529 (high Nov.7) and finally 1.3548 (high Nov.6). On the flip side, a breakdown of 1.3458 (MA10d) would open the door to 1.3418 (low Nov.14) and then 1.3390 (low Nov.13).
EUR/USD capped by 1.3470
The pair broke higher after the overall softer tone from the US Import Prices, contracting more than expected 0.7% on a monthly basis during October; Export Prices followed suit, falling0.5% inter-month. The advanced regional manufacturing gauge by the Empire State index came in short of expectations for the month of November, contracting to -2.21 vs. 5.00 expected and October’s 1.52.
EUR/USD key levels
As of writing the pair is up 0.07% at 1.3469 with the next resistance at 1.3499 (high Nov.14) ahead of 1.3529 (high Nov.7) and finally 1.3548 (high Nov.6). On the flip side, a breakdown of 1.3458 (MA10d) would open the door to 1.3418 (low Nov.14) and then 1.3390 (low Nov.13).