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16 Jul 2013
EUR/USD steady after US CPI
FXstreet.com (Córdoba) - The EUR/USD edged slightly lower after the headline US CPI for June showed a 0.5% rise, above the expected 0.3% increase MoM, and 1.8% versus 1.5% expected YoY.
EUR/USD little changed after US CPI
EUR/USD saw a short-lived fall in the wake of the data, but the 1.3095 area contained the slide. Even though headline numbers came in stronger than expected, core figures (which exclude the volatile food and energy items) were in line with expectations, and well below the Fed's target.
EUR/USD technical levels
At time of writing, EUR/USD is trading at the 1.3105/10 area, still up 0.3% on the day, but down from 1.3120 before the data. In terms of technical levels, EUR/USD could find immediate resistances at 1.3145 (Jul 11 intraday level) and 1.3204 (Jul 11 high), while on the other hand, supports could be faced at 1.3050 (daily low) and 1.2990 (Jul 15 low).
EUR/USD little changed after US CPI
EUR/USD saw a short-lived fall in the wake of the data, but the 1.3095 area contained the slide. Even though headline numbers came in stronger than expected, core figures (which exclude the volatile food and energy items) were in line with expectations, and well below the Fed's target.
EUR/USD technical levels
At time of writing, EUR/USD is trading at the 1.3105/10 area, still up 0.3% on the day, but down from 1.3120 before the data. In terms of technical levels, EUR/USD could find immediate resistances at 1.3145 (Jul 11 intraday level) and 1.3204 (Jul 11 high), while on the other hand, supports could be faced at 1.3050 (daily low) and 1.2990 (Jul 15 low).