EUR/USD unmotivated on US data
FXStreet (Edinburgh) – EUR/USD remains within the range following the US data releases on Tuesday, currently hovering over the 1.1310/15 band.
EUR/USD indifferent on poor US data
Spot keeps alternating gains with losses today despite US Retail Sales disappointed expectations during last month, expanding 0.2% MoM and 0.1% excluding the Auto sector, vs. forecasts at 0.3% and 0.2%, respectively.
Further data saw the Empire State index at -14.67 for the current month, a tad better than August’s -14.92 although largely missing expectations at -0.75. Next of relevance will be Industrial Production (-0.2% exp.) and Capacity Utilization (77.8% exp.)
EUR/USD key levels
The pair is retreating 0.03% at 1.1314 EUR/USD facing the next support at 1.1283 (low Sep.14) ahead of 1.1253 EUR/USD (low Sep.11) and then 1.1147 (low Sep.9). On the flip side, a breakout of 1.1374 (high Sep.14) would open the door to 1.1498 (high Aug.23) and finally 1.1523 EUR/USD (high Aug.27).
EUR/USD remains within the range following the US data releases on Tuesday, currently hovering over the 1.1310/15 band…
(Market News Provided by FXstreet)