30 Jul 2015
EUR/USD stays near lows after German CPI, US GDP awaited
FXStreet (Córdoba) - EUR/USD remained little changed near daily lows following the release of in-line with expectations German inflation data.
EUR/USD barely reacted after data showed German consumer price index rose 0.2% in July (preliminary), matching investors expectations and following a 0.1% decline in June. EUR/USD was trading at the 1.0950 area, 0.23% below its opening price.
Today’s first estimate of Q2 US GDP is the main focus while weekly initial jobless claims may also draw some attention.
EUR/USD levels to watch
In terms of technical levels, next supports are seen at 1.0941 (Jul 30 low), 1.0925 (Jul 24 low) and 1.0900 (psychological level). On the upside, resistances could be found at 1.0989 (20-day SMA/Jul 30 high), 1.1015 (100-day SMA) and 1.1083 (Jul 29 high).
EUR/USD barely reacted after data showed German consumer price index rose 0.2% in July (preliminary), matching investors expectations and following a 0.1% decline in June. EUR/USD was trading at the 1.0950 area, 0.23% below its opening price.
Today’s first estimate of Q2 US GDP is the main focus while weekly initial jobless claims may also draw some attention.
EUR/USD levels to watch
In terms of technical levels, next supports are seen at 1.0941 (Jul 30 low), 1.0925 (Jul 24 low) and 1.0900 (psychological level). On the upside, resistances could be found at 1.0989 (20-day SMA/Jul 30 high), 1.1015 (100-day SMA) and 1.1083 (Jul 29 high).