FXStreet (Edinburgh) – The common currency remained mostly apathetic following releases in the euro area, with EUR/USD hovering over the 1.1260 area.
EUR/USD little changed post-data
The pair keeps the buoyant tone at the beginning of the week, paying little attention to the auspicious results from EMU’s Retail Sales during August, expanding at an annual pace of 2.3% and coming in flat inter-month.
Previously, the investor confidence tracked by the Sentix index advanced to 11.7 for the current month, surpassing both estimates and previous print, while Services PMIs have come in on the softer side.
Spot remains on track to recover part of Friday’s retracement from tops beyond 1.1300 the figure to the 1.1200 handle following the gloomy Payrolls (142K vs. 203K exp.).
EUR/USD levels to watch
As of writing the pair is advancing 0.48% at 1.1267 and a breakout of 1.1318 (high Oct.2) would target 1.1330 (high Sep.21) en route to 1.1373 (high Sep.14). On the flip side, the immediate support lines up at 1.1207 (low Oct.5) followed by 1.1150 (low Oct.2) ahead of 1.1135 (low Oct.1).
(Market News Provided by FXstreet)