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2 Mar 2015
EUR/USD capped by 1.1200
FXStreet (Edinburgh) - The shared currency regained the 1.1190 levels vs. the US dollar on Monday, with EUR/USD looking to surpass 1.1200 the figure.
EUR/USD a tad firmer post-PMIs
The pair managed to leave the 1.1170 area following the mixed results from the final manufacturing PMIs during February, showing improvements in Italian and German readings, while Spain and France came in lower than January’s prints. The result from the EMU came in unchanged at 51.0 vs. 51.1 previously estimated.
Next of relevance will be the preliminary release of the consumer prices in the euro bloc during February, expected at -0.5% on a yearly basis
EUR/USD levels to consider
At the moment the pair is up 0.03% at 1.1194 with the initial hurdle at 1.1245 (high Feb.27) followed by 1.1317 (10-d MA) and finally 1.1345 (21-d MA). On the downside, a breach below 1.1100 (psychological level) would open the door to 1.1098 (11-year low Jan.26) and then 1.1000 (psychological level).
EUR/USD a tad firmer post-PMIs
The pair managed to leave the 1.1170 area following the mixed results from the final manufacturing PMIs during February, showing improvements in Italian and German readings, while Spain and France came in lower than January’s prints. The result from the EMU came in unchanged at 51.0 vs. 51.1 previously estimated.
Next of relevance will be the preliminary release of the consumer prices in the euro bloc during February, expected at -0.5% on a yearly basis
EUR/USD levels to consider
At the moment the pair is up 0.03% at 1.1194 with the initial hurdle at 1.1245 (high Feb.27) followed by 1.1317 (10-d MA) and finally 1.1345 (21-d MA). On the downside, a breach below 1.1100 (psychological level) would open the door to 1.1098 (11-year low Jan.26) and then 1.1000 (psychological level).