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17 Mar 2014
EUR/USD stays down after Eurozone CPI
FXStreet (Córdoba) - The EUR/USD is trading slightly lower after the latest recovery attempt was capped by the 1.3910 zone and with Eurozone CPI numbers weighing on the pair.
The EUR/USD turned back south after a short-lived bounce as Eurozone inflation figures were revised down. Consumer prices rose 0.3% in February and 0.7% over the last 12 months, below the 0.4% and 0.8% expected. At time of writing, the pair is trading at the 1.3890 zone, 0.1% below its opening price, with the reaction to the Crimea referendum result being pretty muted.
EUR/USD technical levels
In terms of technical levels, the EUR/USD could find immediate resistances at 1.3915 (Mar 17 high), 1.3937 (Mar 14 high) and 1.3966 (Mar 13 high). On the other hand, supports are seen at 1.3878 (Mar 17 low), 1.3845 (Mar 13 low) and 1.3800 (psychological level).
The EUR/USD turned back south after a short-lived bounce as Eurozone inflation figures were revised down. Consumer prices rose 0.3% in February and 0.7% over the last 12 months, below the 0.4% and 0.8% expected. At time of writing, the pair is trading at the 1.3890 zone, 0.1% below its opening price, with the reaction to the Crimea referendum result being pretty muted.
EUR/USD technical levels
In terms of technical levels, the EUR/USD could find immediate resistances at 1.3915 (Mar 17 high), 1.3937 (Mar 14 high) and 1.3966 (Mar 13 high). On the other hand, supports are seen at 1.3878 (Mar 17 low), 1.3845 (Mar 13 low) and 1.3800 (psychological level).