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31 Mar 2015
EUR/USD slips to 1.0720
FXStreet (Edinburgh) - The single currency now accelerates its depreciation vs. the US dollar, relegating EUR/USD to the area of 1.0720.
EUR/USD muted post-data
The pair remained almost indifferent to the releases in Euroland today, where the preliminary inflation figures showed headline consumer prices contracting 0.1% on a year to March, and Core prices advancing 0.6% YoY, both prints matching consensus. The unemployment rate disappointed investors at 11.3% vs. forecasts for a drop to 11.2%.
EUR/USD key levels
At the moment the pair is retreating 0.96% at 1.0728 with the immediate support at 1.0700 (psychological level) followed by 1.0688 (61.8% of 1.0457-1.1062) and finally 1.0618 (low Mar.19). On the flip side, a breakout of 1.0833 (Tenkan Sen) would open the door to 1.0860 (100-h MA) and then 1.0900 (high Mar.30).
EUR/USD muted post-data
The pair remained almost indifferent to the releases in Euroland today, where the preliminary inflation figures showed headline consumer prices contracting 0.1% on a year to March, and Core prices advancing 0.6% YoY, both prints matching consensus. The unemployment rate disappointed investors at 11.3% vs. forecasts for a drop to 11.2%.
EUR/USD key levels
At the moment the pair is retreating 0.96% at 1.0728 with the immediate support at 1.0700 (psychological level) followed by 1.0688 (61.8% of 1.0457-1.1062) and finally 1.0618 (low Mar.19). On the flip side, a breakout of 1.0833 (Tenkan Sen) would open the door to 1.0860 (100-h MA) and then 1.0900 (high Mar.30).