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27 Sep 2013
EUR/USD eyes 1.3550 after US data
FXstreet.com (Edinburgh) -The EUR/USD kept the upper end of the range around 1.3545/50, closer to September peaks around 1.3570.
EUR/USD boosted by risk
It seems the pair is preparing an assault on recent post-FOMC tops around 1.3570, as risk appetite continues to push the pair higher. Results from the US economy showed that inflation figures, gauged by the PCE, rose at an annual rate of 1.2% during August, missing expectations at 1.5%. Further data showed Personal Income rising 0.4% in the same period. Next up will be a gauge of the consumer sentiment by the Reuters/Michigan index, expected to ease to 78.0 for the present month.
EUR/USD levels to watch
At the moment the pair is up 0.43% at 1.3546 with the next resistance at 1.3555 (high Sep.23) ahead of 1.3569 (high Sep.19) and finally 1.3598 (high Feb.5). On the downside, a breach of 1.3459 (23.6% of 1.3104-.13569) would bring 1.3453 (high Aug.20) and then 1.3399 (high Aug.28).
EUR/USD boosted by risk
It seems the pair is preparing an assault on recent post-FOMC tops around 1.3570, as risk appetite continues to push the pair higher. Results from the US economy showed that inflation figures, gauged by the PCE, rose at an annual rate of 1.2% during August, missing expectations at 1.5%. Further data showed Personal Income rising 0.4% in the same period. Next up will be a gauge of the consumer sentiment by the Reuters/Michigan index, expected to ease to 78.0 for the present month.
EUR/USD levels to watch
At the moment the pair is up 0.43% at 1.3546 with the next resistance at 1.3555 (high Sep.23) ahead of 1.3569 (high Sep.19) and finally 1.3598 (high Feb.5). On the downside, a breach of 1.3459 (23.6% of 1.3104-.13569) would bring 1.3453 (high Aug.20) and then 1.3399 (high Aug.28).