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5 May 2015
EUR/USD hits 1.1160 on US data
FXStreet (Edinburgh) - EUR/USD climbed to the area of 1.1160 following today’s releases in the US calendar.
EUR/USD turns positive
The pair managed to revert previous losses after the US trade balance showed the trade deficit widened more than estimated to $51.37 billion during March vs. $41.2 billion expected and February’s $35.89 billion. Spot is thus extending the rebound from intraday troughs near 1.1060 posted in early trade.
Next on tap will be Markit’s manufacturing PMI and the ISM Non-manufacturing during April, expected at 57.8 and 56.2, respectively.
EUR/USD relevant levels
The pair is advancing 0.04% at 1.1150 with the next resistance at 1.1225 (high May 4) ahead of 1.1291 (high May 1) and then 1.1380 (high Feb.26). On the flip side, a breakdown of 1.1066 (low May 5) would aim for 1.1072 (low Apr.30) and finally 1.0959 (low Apr.29).
EUR/USD turns positive
The pair managed to revert previous losses after the US trade balance showed the trade deficit widened more than estimated to $51.37 billion during March vs. $41.2 billion expected and February’s $35.89 billion. Spot is thus extending the rebound from intraday troughs near 1.1060 posted in early trade.
Next on tap will be Markit’s manufacturing PMI and the ISM Non-manufacturing during April, expected at 57.8 and 56.2, respectively.
EUR/USD relevant levels
The pair is advancing 0.04% at 1.1150 with the next resistance at 1.1225 (high May 4) ahead of 1.1291 (high May 1) and then 1.1380 (high Feb.26). On the flip side, a breakdown of 1.1066 (low May 5) would aim for 1.1072 (low Apr.30) and finally 1.0959 (low Apr.29).