EUR/USD indifferent on US data
FXStreet (Edinburgh) – The common currency kept the composure vs. the dollar following today’s US releases, with EUR/USD treading water around the 1.1320 area.
EUR/USD only looks to the FOMC
The pair keeps the trade in the low-1.1300s after the positive data from the US calendar today, where Initial Claims have dropped to 264K during the week ended on September 11th and Building Permits increased above expectations to 1.170 million during August. On the not so bright side, Housing Starts missed estimates coming in at 1.126 million during the same period vs. 1.170 million forecasted and July’s 1.161 million.
Next on tap will be the manufacturing survey tracked by the Philly Fed during the last month (6.0 exp.) followed by the FOMC meeting, Chairwoman Yellen’s press conference and FOMC Economic Projections.
EUR/USD key levels
The pair is up 0.32% at 1.1326 EUR/USD facing the next hurdle at 1.1339 (high Sep.17) ahead of 1.1374 (high Sep.14) and then 1.1523 EUR/USD (high Aug.26). On the other hand, a breakdown of 1.1285 (low Sep.17) would target 1.1214 EUR/USD (low Sep.16) en route to 1.1171 (low Sep.10).
The common currency kept the composure vs. the dollar following today’s US releases, with EUR/USD treading water around the 1.1320 area…
(Market News Provided by FXstreet)