Back
30 Jun 2014
EUR/USD steady after EZ CPI
FXStreet (Córdoba) - The EUR/USD after data showed Eurozone consumer prices rose in line with expectations in june, but remained way below ECB target of 2.0%.
The Eurozone consumer price index stood at 0.5% in June versus 0.6% expected, while excluding food and energy prices rose 0.8%. The EUR/USD is not sure what to do after data as investors refrain from taking big positions ahead of key events this week.
On Thursday, the ECB will decide on monetary policy, although the central bank is expected to remain on hold as it continues to assess latest measures. The same day, the US will release nonfarm payrolls figures which will be another determinant event for the EUR/USD.
At time of writing, the EUR/USD is trading at the 1.3655 area, up 0.09%, just where it was before the release, having hit a 3-week high of 1.3659 in recent dealings.
EUR/USD levels to watch
In terms of technical levels, the EUR/USD could find next resistances at 1.3659 (Jun 30 high), 1.3669 (200-day SMA) and 1.3676 (Jun 6 high) ahead of 1.3700 (psychological level). On the flip side, supports are seen at 1.3575 (Jun 26 & 23 lows),1.3563 (Jun 20 low) and 1.3540 (Jun 18 low).
The Eurozone consumer price index stood at 0.5% in June versus 0.6% expected, while excluding food and energy prices rose 0.8%. The EUR/USD is not sure what to do after data as investors refrain from taking big positions ahead of key events this week.
On Thursday, the ECB will decide on monetary policy, although the central bank is expected to remain on hold as it continues to assess latest measures. The same day, the US will release nonfarm payrolls figures which will be another determinant event for the EUR/USD.
At time of writing, the EUR/USD is trading at the 1.3655 area, up 0.09%, just where it was before the release, having hit a 3-week high of 1.3659 in recent dealings.
EUR/USD levels to watch
In terms of technical levels, the EUR/USD could find next resistances at 1.3659 (Jun 30 high), 1.3669 (200-day SMA) and 1.3676 (Jun 6 high) ahead of 1.3700 (psychological level). On the flip side, supports are seen at 1.3575 (Jun 26 & 23 lows),1.3563 (Jun 20 low) and 1.3540 (Jun 18 low).