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17 Apr 2015
EUR/USD hits 1.0830 on EMU-CPI
FXStreet (Edinburgh) - The European currency keeps pushing higher on Friday, now lifting EUR/USD to session highs near 1.0830.
EUR/USD firmer on data
The pair advanced further after the final March inflation figures in the euro region showed headline consumer prices contracting at an annual pace of 0.1% and advancing 1.1% inter-month, matching the flash readings. Core prices followed suit, rising 0.6% on a year to March.
Next on tap will be US inflation tracked by the CPI, CB’s Leading Indicator and the flash print of the Reuters/Michigan index.
EUR/USD key levels
The pair is now advancing 0.49% at 1.0814 with the next resistance at 1.0834 (high Apr.17) followed by 1.0887 (high Apr.8) and then 1.0947 (high Apr.7). On the flip side, a break below 1.0613 (100-h MA) would open the door to 1.0571 (low Apr.15) and finally 1.0532 (low Apr.14).
EUR/USD firmer on data
The pair advanced further after the final March inflation figures in the euro region showed headline consumer prices contracting at an annual pace of 0.1% and advancing 1.1% inter-month, matching the flash readings. Core prices followed suit, rising 0.6% on a year to March.
Next on tap will be US inflation tracked by the CPI, CB’s Leading Indicator and the flash print of the Reuters/Michigan index.
EUR/USD key levels
The pair is now advancing 0.49% at 1.0814 with the next resistance at 1.0834 (high Apr.17) followed by 1.0887 (high Apr.8) and then 1.0947 (high Apr.7). On the flip side, a break below 1.0613 (100-h MA) would open the door to 1.0571 (low Apr.15) and finally 1.0532 (low Apr.14).