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13 Mar 2014
EUR/USD ready for 1.3980?
FXStreet (Edinburgh) - The (usual?) stubbornness around the shared currency is much alive on Thursday, with the EUR/USD treading water around the 1.3950/60 region.
EUR/USD focus on US releases
The pair now seems to be in a ‘wait-and-see’ mode ahead of today’s US docket. The current EUR rally would be under scrutiny, as Retail Sales (headline 0.2% exp.) and the weekly report on the labour market, with Claims expected at 330K in the week ended on March 7th, are due next. “The euro is near $1.3960 as the North American session is about to begin. The next psychological and technical target is $1.40. Options and other derivatives are thought to be struck around there. Ironically, the stronger the euro, the more likely the ECB will ease policy next month”, according to analysts at BBH.
EUR/USD significant levels
At the moment the pair is advancing 0.37% at 1.3957 with the next hurdles at 1.4000 and 1.4100 (psychological levels) followed by 1.4172 (high Oct.31 2011).On the flip side, a breakdown of 1.3896 (low Mar.13) would expose 1.3843 (low Mar.12) and finally 1.3834 (low Mar.11)
EUR/USD focus on US releases
The pair now seems to be in a ‘wait-and-see’ mode ahead of today’s US docket. The current EUR rally would be under scrutiny, as Retail Sales (headline 0.2% exp.) and the weekly report on the labour market, with Claims expected at 330K in the week ended on March 7th, are due next. “The euro is near $1.3960 as the North American session is about to begin. The next psychological and technical target is $1.40. Options and other derivatives are thought to be struck around there. Ironically, the stronger the euro, the more likely the ECB will ease policy next month”, according to analysts at BBH.
EUR/USD significant levels
At the moment the pair is advancing 0.37% at 1.3957 with the next hurdles at 1.4000 and 1.4100 (psychological levels) followed by 1.4172 (high Oct.31 2011).On the flip side, a breakdown of 1.3896 (low Mar.13) would expose 1.3843 (low Mar.12) and finally 1.3834 (low Mar.11)