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6 May 2015
EUR/USD eases to 1.1210 on data
FXStreet (Edinburgh) - The single currency remains on the firmer footing on Wednesday, with EUR/USD keeping the trade above the 1.1200 handle so far.
EUR/USD losing momentum on Retail Sales
The pair is giving away part of the initial gains after Retail Sales in the euro region contracted 0.8% inter-month during March, and expanded 1.6% on a yearly basis, both prints coming in below estimates at -0.7% and 2.4%, respectively.
There are no further releases in the region, with the US ADP Employment Change the next risk event for the pair. Consensus expects the US private sector to have added 200K jobs during last month.
EUR/USD relevant levels
The pair is advancing 0.21% at 1.1210 with the next resistance at 1.1272 (high May 6) ahead of 1.1291 (high May 1) and then 1.1380 (high Feb.26). On the flip side, a breakdown of 1.1175 (low May 6) would aim for 1.1066 (low May 5) and finally 1.0959 (low Apr.29).
EUR/USD losing momentum on Retail Sales
The pair is giving away part of the initial gains after Retail Sales in the euro region contracted 0.8% inter-month during March, and expanded 1.6% on a yearly basis, both prints coming in below estimates at -0.7% and 2.4%, respectively.
There are no further releases in the region, with the US ADP Employment Change the next risk event for the pair. Consensus expects the US private sector to have added 200K jobs during last month.
EUR/USD relevant levels
The pair is advancing 0.21% at 1.1210 with the next resistance at 1.1272 (high May 6) ahead of 1.1291 (high May 1) and then 1.1380 (high Feb.26). On the flip side, a breakdown of 1.1175 (low May 6) would aim for 1.1066 (low May 5) and finally 1.0959 (low Apr.29).