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17 Sep 2013
EUR/USD back to 1.3370 on US CPI
FXstreet.com (Edinburgh) -The inflation figures in the US economy came in below estimates on August, pushing the EUR/USD to another test of the 1.3370 region on Tuesday.
EUR/USD keeps the range
The pair remains well within the intraday range however, hovering over 1.3365/70 after US headline CPI posted an annual increment of 1.5% and 0.1% inter-month, missing the median at 1.6% and 0.2%. The Core print, which strips food and energy costs, rose 1.8% over the last twelve months and 0.1% on a monthly basis, banging on estimates. Next on tap in the US docket will be the TIC Flows and a gauge of the housing market by the NAHB index.
EUR/USD key levels
At the moment the pair is advancing 0.20% at 1.3361 facing the next hurdle at 1.3399 (high Aug.28) ahead of 1.3410 (high Aug.23) and then 1.3427 (high Aug.21). On the flip side, a breakdown of 1.3326 (low Sep.17) would target 1.3298 (low Sep.16) en route to 1.3262 (MA10d).
EUR/USD keeps the range
The pair remains well within the intraday range however, hovering over 1.3365/70 after US headline CPI posted an annual increment of 1.5% and 0.1% inter-month, missing the median at 1.6% and 0.2%. The Core print, which strips food and energy costs, rose 1.8% over the last twelve months and 0.1% on a monthly basis, banging on estimates. Next on tap in the US docket will be the TIC Flows and a gauge of the housing market by the NAHB index.
EUR/USD key levels
At the moment the pair is advancing 0.20% at 1.3361 facing the next hurdle at 1.3399 (high Aug.28) ahead of 1.3410 (high Aug.23) and then 1.3427 (high Aug.21). On the flip side, a breakdown of 1.3326 (low Sep.17) would target 1.3298 (low Sep.16) en route to 1.3262 (MA10d).