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18 Jun 2013
EUR/USD down to 1.3350 on US CPI
FXstreet.com (Edinburgh) - The EUR/USD quickly climbed to the doorsteps of 1.3400 the figure after US consumer prices and housing data, although dropped soon after to the mid 1.33s.
EUR/USD vs. US data
In fact, US headline consumer prices rose at an annual pace of 1.4% and 0.1% on a monthly basis, vs. forecasts at 1.4% and 0.2%, respectively. Excluding food and energy costs – Core CPI – prices matched the median, advancing 1.7% YoY and 0.2% MoM. In the housing sector, both Building Permits and Housing Starts disappointed investors, printing 974K and 914K, respectively.
EUR/USD tech levels
At the moment the pair is down 0.11% at 1.3354 with the support levels aligning at 1.3295 (low Jun.14) followed by 1.3279 (low Jun.13) and finally 1.3266 (low Jun.12). On the upside, a surpass of 1.3434 (high Feb.20) would target 1.3456 (high Feb.14) en route to 1.3481 (76.4% of 1.3711-1.2740). On the downside,
EUR/USD vs. US data
In fact, US headline consumer prices rose at an annual pace of 1.4% and 0.1% on a monthly basis, vs. forecasts at 1.4% and 0.2%, respectively. Excluding food and energy costs – Core CPI – prices matched the median, advancing 1.7% YoY and 0.2% MoM. In the housing sector, both Building Permits and Housing Starts disappointed investors, printing 974K and 914K, respectively.
EUR/USD tech levels
At the moment the pair is down 0.11% at 1.3354 with the support levels aligning at 1.3295 (low Jun.14) followed by 1.3279 (low Jun.13) and finally 1.3266 (low Jun.12). On the upside, a surpass of 1.3434 (high Feb.20) would target 1.3456 (high Feb.14) en route to 1.3481 (76.4% of 1.3711-1.2740). On the downside,