Back
21 May 2015
EUR/USD back to 1.1110 on US Claims
FXStreet (Edinburgh) - The common currency keeps the range on Thursday vs. the US dollar, with EUR/USD now navigating the 1.1115/10 area.
EUR/USD indifferent on US Claims
The pair is shedding some pips after US Initial Claims ticked higher to 274K in the week ended on May 16 from 264K previous. Further data showed that the 4-week average in Claims dropped to 266K, or 15-year lows, emphasizing the strength of the US labour market.
In the meantime, and back to the Greek front, German finmin W.Schauble deemed as ‘unjustified’ the optimism around a deal between Greece and its EU creditors, in light of the EU Leaders Summit about to kick in today in Riga.
EUR/USD levels to consider
As of writing the pair is up 0.17% at 1.1112 and a breakout of 1.1217 (38.2% of 1.1468-1.1062) would open the door to 1.1247 (10-d MA) and then 1.12300 (psychological level). On the flip side, the immediate support lines up at 1.1080 (low May 21) followed by 1.1062 (low May 20) and finally 1.0994 (50% of 1.0521-1.1468).
EUR/USD indifferent on US Claims
The pair is shedding some pips after US Initial Claims ticked higher to 274K in the week ended on May 16 from 264K previous. Further data showed that the 4-week average in Claims dropped to 266K, or 15-year lows, emphasizing the strength of the US labour market.
In the meantime, and back to the Greek front, German finmin W.Schauble deemed as ‘unjustified’ the optimism around a deal between Greece and its EU creditors, in light of the EU Leaders Summit about to kick in today in Riga.
EUR/USD levels to consider
As of writing the pair is up 0.17% at 1.1112 and a breakout of 1.1217 (38.2% of 1.1468-1.1062) would open the door to 1.1247 (10-d MA) and then 1.12300 (psychological level). On the flip side, the immediate support lines up at 1.1080 (low May 21) followed by 1.1062 (low May 20) and finally 1.0994 (50% of 1.0521-1.1468).