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10 Feb 2014
EUR/USD steady after Eurozone data
FXStreet (Córdoba) - The EUR/USD failed to sustain gains and pulled back from an 11-day high during the European session, with the Eurozone Sentix investor confidence having virtually no impact on the pair.
The Eurozone Sentix investor confidence rose to 13.3 in February from 11.9 in January, exceeding expectations of 10.7 and the highest read since April 2011. Earlier data showed Italian and French industrial output declined in December, missing forecast. The EUR/USD is currently trading at the 1.3630 zone, 0.1% above its opening price, having reached a peak of 1.3650.
EUR/USD levels to watch
In terms of technical levels, the EUR/USD could find immediate resistances at 1.3650 (Feb 10 high), 1.3665 (Jan 30 high) and 1.3687 (Jan 28 high). On the other hand, supports are seen at 1.3614 (Feb 10 low), 1.3600 (psychological level/100-day SMA) and 1.3580 (10-day SMA).
The Eurozone Sentix investor confidence rose to 13.3 in February from 11.9 in January, exceeding expectations of 10.7 and the highest read since April 2011. Earlier data showed Italian and French industrial output declined in December, missing forecast. The EUR/USD is currently trading at the 1.3630 zone, 0.1% above its opening price, having reached a peak of 1.3650.
EUR/USD levels to watch
In terms of technical levels, the EUR/USD could find immediate resistances at 1.3650 (Feb 10 high), 1.3665 (Jan 30 high) and 1.3687 (Jan 28 high). On the other hand, supports are seen at 1.3614 (Feb 10 low), 1.3600 (psychological level/100-day SMA) and 1.3580 (10-day SMA).