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16 Sep 2015
EUR/USD retakes 1.1260 on US CPI
FXStreet (Edinburgh) - The common currency is now picking up pace after the release of US CPI figures during August, pushing EUR/USD to the area of 1.1260.
EUR/USD bid after US CPI
The pair is edging higher after US inflation figures failed to ignite further USD-buying today, with headline consumer prices in the US economy rising 0.2% YoY and core prices up 1.8% over the last twelve months, vs. expectations at 0.2% and 1.9%, respectively. On a monthly basis, prices have contracted 0.1%, the first negative print in seven months.
Ahead in the session the housing market index gauged by NAHB and TIC flows are next.
EUR/USD key levels
The pair is losing 0.07% at 1.1261 and a breach of 1.1171 (low Sep.10) would expose 1.1131 (low Sep.9) and finally 1.1089 (low Sep.4). On the upside, the next hurdle aligns at 1.1328 (high Sep.15) followed by 1.1374 (high Sep.14) ahead of 1.1498 (high Aug.23).
EUR/USD bid after US CPI
The pair is edging higher after US inflation figures failed to ignite further USD-buying today, with headline consumer prices in the US economy rising 0.2% YoY and core prices up 1.8% over the last twelve months, vs. expectations at 0.2% and 1.9%, respectively. On a monthly basis, prices have contracted 0.1%, the first negative print in seven months.
Ahead in the session the housing market index gauged by NAHB and TIC flows are next.
EUR/USD key levels
The pair is losing 0.07% at 1.1261 and a breach of 1.1171 (low Sep.10) would expose 1.1131 (low Sep.9) and finally 1.1089 (low Sep.4). On the upside, the next hurdle aligns at 1.1328 (high Sep.15) followed by 1.1374 (high Sep.14) ahead of 1.1498 (high Aug.23).