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3 Mar 2015
EUR/USD surpasses 1.1200
FXStreet (Edinburgh) - The single currency is now picking up pace vs. the US dollar, lifting EUR/USD back above the 1.1200 handle.
EUR/USD bolstered by data
The pair is now prolonging its recovery after auspicious results in Germany saw retail sales jumping 2.9% inter-month and expanding 5.3% on a year to January, both prints surpassing estimates and previous readings.
Ahead in the session, EMU’s Producer Prices is only due, while across the pond only awaits second-tier releases.
EUR/USD levels to watch
At the moment the pair is up 0.23% at 1.1207 and a break above 1.1245 (high Feb.27) would open the door to 1.1296 (10-d MA) and finally 1.1338 (21-d MA). On the other hand, the immediate support aligns at 1.1160 (low Mar.2) ahead of 1.1098 (11-year low Jan.26) and then 1.1047 (low Sep.8 2003).
EUR/USD bolstered by data
The pair is now prolonging its recovery after auspicious results in Germany saw retail sales jumping 2.9% inter-month and expanding 5.3% on a year to January, both prints surpassing estimates and previous readings.
Ahead in the session, EMU’s Producer Prices is only due, while across the pond only awaits second-tier releases.
EUR/USD levels to watch
At the moment the pair is up 0.23% at 1.1207 and a break above 1.1245 (high Feb.27) would open the door to 1.1296 (10-d MA) and finally 1.1338 (21-d MA). On the other hand, the immediate support aligns at 1.1160 (low Mar.2) ahead of 1.1098 (11-year low Jan.26) and then 1.1047 (low Sep.8 2003).