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22 May 2015
EUR/USD falls back to 1.1155
FXStreet (Mumbai) - The EUR/USD pair fell back to 1.1155 levels after being rejected at 1.1206 levels earlier today. Fresh offers were seen as the pair broker below the key level of 1.1180 levels, which ensured the pair headed towards 1.1155.
EUR/USD: Awaits CPI data
The shared currency failed to sustain gains as the German-US yield spread continued to tilt in favor of the greenback. The 10-year German yield is now down 3.7 basis points, while the 10-year yield in the US is down 1.9 basis points.
The investors now await the data in the US, which is expected to show the cost of living dropped 0.1% year-on-year in April, while month-on-month the pace of rise in cost is expected to have slowed down to 0.1%.
EUR/USD Technical Levels
The immediate resistance is located at 1.1180, above which the currency pair could re-test the daily high of 1.1206. On the flip side, a break below 1.1155-1.1150 could see the pair drop further to 1.10 levels.
EUR/USD: Awaits CPI data
The shared currency failed to sustain gains as the German-US yield spread continued to tilt in favor of the greenback. The 10-year German yield is now down 3.7 basis points, while the 10-year yield in the US is down 1.9 basis points.
The investors now await the data in the US, which is expected to show the cost of living dropped 0.1% year-on-year in April, while month-on-month the pace of rise in cost is expected to have slowed down to 0.1%.
EUR/USD Technical Levels
The immediate resistance is located at 1.1180, above which the currency pair could re-test the daily high of 1.1206. On the flip side, a break below 1.1155-1.1150 could see the pair drop further to 1.10 levels.