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26 Jan 2015
EUR/USD muted post-IFO
FXStreet (Edinburgh) - The shared currency remains in range on Monday, with EUR/USD hovering over 1.1230/25 so far.
EUR/USD capped by 1.1250
The pair keeps the composure after the generalized improvement in the German IFO indicator for the current month. In fact, the Expectations component bettered to 102.0 vs. 101.1 while Business Climate and Current Assessment rose to 106.7 and 111.7 from 105.5 and 110.0, respectively.
Next of relevance in the pair will see EMU’s Retail Sales during December and the Manufacturing index tracked by the Dallas Fed for January in the US docket.
EUR/USD key levels
At the moment the pair is advancing 0.25% at 1.1236 and a breakout of 1.1288 (high Jan.23) would expose 1.1376 (high Jan.23) and then 1.1472 (Tenkan Sen). On the downside, the next support lines up at 1.1098 (hourly low Jan.26) followed by 1.1047 (low Sep.8 2003) and then 1.1000 (psychological level).
EUR/USD capped by 1.1250
The pair keeps the composure after the generalized improvement in the German IFO indicator for the current month. In fact, the Expectations component bettered to 102.0 vs. 101.1 while Business Climate and Current Assessment rose to 106.7 and 111.7 from 105.5 and 110.0, respectively.
Next of relevance in the pair will see EMU’s Retail Sales during December and the Manufacturing index tracked by the Dallas Fed for January in the US docket.
EUR/USD key levels
At the moment the pair is advancing 0.25% at 1.1236 and a breakout of 1.1288 (high Jan.23) would expose 1.1376 (high Jan.23) and then 1.1472 (Tenkan Sen). On the downside, the next support lines up at 1.1098 (hourly low Jan.26) followed by 1.1047 (low Sep.8 2003) and then 1.1000 (psychological level).