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15 May 2015
EUR/USD muted on US data
FXStreet (Edinburgh) - The shared currency kept the range following the US data on Friday, with EUR/USD now looking to regain the mid-1.1300s.
EUR/USD remains in red post US releases
Spot paid little attention despite another set of US data came in below market expectations. This time, Industrial Production contracted at a monthly pace of 0.3% during April vs. a forecasted 0.1% advance; in addition, Capacity Utilization also missed the median at 78.2% in the same period vs. 78.4% anticipated and previous.
Next on tap, Consumer Sentiment tracked by the Reuters/Michigan index is expected to have improved a tad to 96.0 for the current month vs. April’s 95.9.
EUR/USD levels to consider
At the moment the pair is losing 0.48% at 1.1353 and a break below 1.1268 (10-d MA) would open the door to 1.1202 (low May 13) and then 1.1194 (100-d MA). On the flip side, the initial hurdle aligns at 1.1445 (high May 14) ahead of 1.1486 (high Feb.6) and then 1.1499 (high Feb.5).
EUR/USD remains in red post US releases
Spot paid little attention despite another set of US data came in below market expectations. This time, Industrial Production contracted at a monthly pace of 0.3% during April vs. a forecasted 0.1% advance; in addition, Capacity Utilization also missed the median at 78.2% in the same period vs. 78.4% anticipated and previous.
Next on tap, Consumer Sentiment tracked by the Reuters/Michigan index is expected to have improved a tad to 96.0 for the current month vs. April’s 95.9.
EUR/USD levels to consider
At the moment the pair is losing 0.48% at 1.1353 and a break below 1.1268 (10-d MA) would open the door to 1.1202 (low May 13) and then 1.1194 (100-d MA). On the flip side, the initial hurdle aligns at 1.1445 (high May 14) ahead of 1.1486 (high Feb.6) and then 1.1499 (high Feb.5).