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2 Jun 2015
EUR/USD rejected from 1.10
FXStreet (Edinburgh) - After climbing as high as the vicinity of 1.1000 the figure, EUR/USD has now deflated to the 1.0970/65 band.
EUR/USD a tad lower post-German data
The pair saw its buying interest diminished after the German unemployment decreased less than expected during May by 6K vs. -10K initially forecasted, although it keeps trading in the positive territory so far.
Next on tap will be the preliminary CPI figures in the euro area during last month, with prior surveys expecting headline consumer prices to have advanced 0.2% over the last twelve months and the core print to have followed suit, up 0.7% YoY.
EUR/USD levels to watch
The pair is now up 0.35% at 1.0966 with the next resistance at 1.0994 (high Jun.2) ahead of 1.1006 (high May 29) and then 1.1010 (high May 25). On the flip side, a breach of 1.0867 (low May 28) would aim for 1.0819 (low May 27) and finally 1.0800 (psychological level).
EUR/USD a tad lower post-German data
The pair saw its buying interest diminished after the German unemployment decreased less than expected during May by 6K vs. -10K initially forecasted, although it keeps trading in the positive territory so far.
Next on tap will be the preliminary CPI figures in the euro area during last month, with prior surveys expecting headline consumer prices to have advanced 0.2% over the last twelve months and the core print to have followed suit, up 0.7% YoY.
EUR/USD levels to watch
The pair is now up 0.35% at 1.0966 with the next resistance at 1.0994 (high Jun.2) ahead of 1.1006 (high May 29) and then 1.1010 (high May 25). On the flip side, a breach of 1.0867 (low May 28) would aim for 1.0819 (low May 27) and finally 1.0800 (psychological level).