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25 Feb 2015
EUR/USD stable around 1.1350
FXStreet (Edinburgh) - The shared currency is posting marginal gains vs. the US dollar at the end of the NA session on Wednesday, with EUR/USD gyrating around 1.1350/55.
EUR/USD focus on EMU, German data
The euro keeps meandering between 1.1345 and 1.1390, unmotivated and looking for a stronger catalysts to set a more clear direction in the near term. In the meantime, the calendar for tomorrow in the euro area looks, a priori, interesting: German unemployment rate, followed by EMU’s credit and money supply figures and then several gauges of sentiment and confidence. In addition the ECB will publish the results from the TLTRO (€129.84 billion prev.).
Today’s second testimony of Fed’s Head Janet Yellen kept the same tone from Tuesday’s, being largely ignored by traders.
EUR/USD levels to consider
As of writing the pair is up 0.14% at 1.1358 with the initial hurdle at 1.1400 (psychological level) ahead of 1.1430 (high Feb.20) followed by 1.1450 (high Feb.19). On the downside, a break below 1.1288 (low Feb.24) would target 1.1278 (low Feb.20) en route to 1.1270 (low Feb.9).
EUR/USD focus on EMU, German data
The euro keeps meandering between 1.1345 and 1.1390, unmotivated and looking for a stronger catalysts to set a more clear direction in the near term. In the meantime, the calendar for tomorrow in the euro area looks, a priori, interesting: German unemployment rate, followed by EMU’s credit and money supply figures and then several gauges of sentiment and confidence. In addition the ECB will publish the results from the TLTRO (€129.84 billion prev.).
Today’s second testimony of Fed’s Head Janet Yellen kept the same tone from Tuesday’s, being largely ignored by traders.
EUR/USD levels to consider
As of writing the pair is up 0.14% at 1.1358 with the initial hurdle at 1.1400 (psychological level) ahead of 1.1430 (high Feb.20) followed by 1.1450 (high Feb.19). On the downside, a break below 1.1288 (low Feb.24) would target 1.1278 (low Feb.20) en route to 1.1270 (low Feb.9).