Back
8 Sep 2015
EUR/USD testing 1.1200 on German data
FXStreet (Edinburgh) - The single currency has left the area of session highs near 1.1220 vs. the dollar and has now pushed EUR/USD to the 1.1200 neighbourhood once again.
EUR/USD finding direction after Chinese data
Spot is now back to the vicinity of 1.1200 the figure after German trade surplus surpassed estimates at €22.8 billion during July, with both imports and exports expanding at a healthy 2.4% and 2.2%, respectively.
The pair however is looking to keep the trade at or above the recently regained 1.1200 handle, in response to a risk-off context in the global markets following disappointing figures from the Chinese external sector.
EUR/USD key levels
At the moment the pair is advancing 0.37% at 1.1213 and a breakout of 1.1224 (high Sep.8) would target 1.1243 (high Sep.3) en route to 1.1294 (high Sep.2). On the other hand, the next support lines up at 1.1154 (low Sep.8) followed by 1.1089 (low Sep.4) and finally 1.1057 (low Aug.12).
EUR/USD finding direction after Chinese data
Spot is now back to the vicinity of 1.1200 the figure after German trade surplus surpassed estimates at €22.8 billion during July, with both imports and exports expanding at a healthy 2.4% and 2.2%, respectively.
The pair however is looking to keep the trade at or above the recently regained 1.1200 handle, in response to a risk-off context in the global markets following disappointing figures from the Chinese external sector.
EUR/USD key levels
At the moment the pair is advancing 0.37% at 1.1213 and a breakout of 1.1224 (high Sep.8) would target 1.1243 (high Sep.3) en route to 1.1294 (high Sep.2). On the other hand, the next support lines up at 1.1154 (low Sep.8) followed by 1.1089 (low Sep.4) and finally 1.1057 (low Aug.12).