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16 Mar 2015
EUR/USD flat-lined around 1.0540
FXStreet (Edinburgh) - The shared currency is navigating unmotivated above the 1.0500 handle on Monday, lifting EUR/USD to the area of 1.0540.
EUR/USD focus on CPI, ZEW
The pair looks to consolidate above 1.0500 the figure, although further upside appears limited so far in light of the expected hawkish tone from the FOMC meeting on Wednesday.
Absent significant releases in the euro area today, market attention will turn to the ZEW Survey in Germany and the EMU for the current month, followed by February final inflation figures in the euro area.
EUR/USD levels to consider
The pair is advancing 0.39% at 1.0538 with the next hurdle at 1.0635 (high Mar.13) ahead of 1.0683 (high Mar.12) and then 1.0718 (high Mar.11). On the flip side, a breakdown of 1.0457 (12-year low Mar.16) would expose 1.0335 (2003 low Jan.2) and then 1.0300 (psychological level).
EUR/USD focus on CPI, ZEW
The pair looks to consolidate above 1.0500 the figure, although further upside appears limited so far in light of the expected hawkish tone from the FOMC meeting on Wednesday.
Absent significant releases in the euro area today, market attention will turn to the ZEW Survey in Germany and the EMU for the current month, followed by February final inflation figures in the euro area.
EUR/USD levels to consider
The pair is advancing 0.39% at 1.0538 with the next hurdle at 1.0635 (high Mar.13) ahead of 1.0683 (high Mar.12) and then 1.0718 (high Mar.11). On the flip side, a breakdown of 1.0457 (12-year low Mar.16) would expose 1.0335 (2003 low Jan.2) and then 1.0300 (psychological level).