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3 Sep 2015
EUR/USD around 1.1120 on US data
FXStreet (Edinburgh) - The shared currency remains entrenched in the negative territory vs. the greenback on Thursday, with EUR/USD hovering over the 1.1120 area.
EUR/USD depressed by US data, Draghi
The pair has rapidly lost further ground after the ECB kept unchanged its monetary policy stance at today’s meting and President Draghi has sounded more dovish than markets have previously anticipated.
In addition, US data releases have surprised to the upside, with a lower trade deficit in August and both Markit’s Services PMI and the ISM Non manufacturing coming in above expectations at 56.1 ad 59, respectively.
EUR/USD key levels
At the moment the pair is losing 0.93% at 1.1121 with the immediate support at 1.1107 (low Sep.3) followed by 1.1057 (low Aug.12) and then 1.1017 (low Aug.20). On the other hand, a break above 1.1294 (high Sep.2) would expose 1.1320 (high Sep.2) and finally 1.1333 (high Sep.1).
EUR/USD depressed by US data, Draghi
The pair has rapidly lost further ground after the ECB kept unchanged its monetary policy stance at today’s meting and President Draghi has sounded more dovish than markets have previously anticipated.
In addition, US data releases have surprised to the upside, with a lower trade deficit in August and both Markit’s Services PMI and the ISM Non manufacturing coming in above expectations at 56.1 ad 59, respectively.
EUR/USD key levels
At the moment the pair is losing 0.93% at 1.1121 with the immediate support at 1.1107 (low Sep.3) followed by 1.1057 (low Aug.12) and then 1.1017 (low Aug.20). On the other hand, a break above 1.1294 (high Sep.2) would expose 1.1320 (high Sep.2) and finally 1.1333 (high Sep.1).