Back
14 Apr 2015
EUR/USD jumps to 1.0640 on US data
FXStreet (Edinburgh) - EUR/USD quickly climbed to session highs around 1.0640 following the results from the US retail sales during March.
EUR/USD firmer post-data
The pair saw its upside accelerated after retail sales in the US economy disappointed investors last month, expanding below estimates 0.9% vs. 1.1% forecasted. Excluding the Transportation sector, sales gained 0.4% vs. 0.7% expected.
Next on tap will be the Business Optimism Index published by NFIB, expected to have improved to 98.4 during March.
EUR/USD key levels
The pair is now advancing 0.38% at 1.0609 with the next hurdle at 1.0633 (high Apr.14) followed by 1.0684 (high Apr.10) and then 1.0713 (Low Mar.31). On the flip side, a breakdown of 1.0457 (2015 low Mar.16) would open the door to 1.0400 (psychological level) and finally 1.0360 (low Jan.8 2003).
EUR/USD firmer post-data
The pair saw its upside accelerated after retail sales in the US economy disappointed investors last month, expanding below estimates 0.9% vs. 1.1% forecasted. Excluding the Transportation sector, sales gained 0.4% vs. 0.7% expected.
Next on tap will be the Business Optimism Index published by NFIB, expected to have improved to 98.4 during March.
EUR/USD key levels
The pair is now advancing 0.38% at 1.0609 with the next hurdle at 1.0633 (high Apr.14) followed by 1.0684 (high Apr.10) and then 1.0713 (Low Mar.31). On the flip side, a breakdown of 1.0457 (2015 low Mar.16) would open the door to 1.0400 (psychological level) and finally 1.0360 (low Jan.8 2003).