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14 Apr 2015
EUR/USD turns positive near 1.0570
FXStreet (Edinburgh) - The shared currency managed to regain the positive territory on Tuesday, with EUR/USD now hovering over 1.0570.
EUR/USD attention on US retail sales
The intraday recovery of the euro will be put to the test later, as the US retail sales are due across the Atlantic. Market consensus points to a monthly expansion of 1.1% during the last month (vs. -0.6% prev.); excluding the Transportation sector, sales are also expected to revert the previous contraction, up 0.7% MoM.
EUR/USD key levels
The pair is now advancing 0.03% at 1.0571 with the next hurdle at 1.0620 (high Apr.13) followed by 1.0684 (high Apr.10) and then 1.0713 (Low Mar.31). On the flip side, a breakdown of 1.0457 (2015 low Mar.16) would open the door to 1.0400 (psychological level) and finally 1.0360 (low Jan.8 2003).
EUR/USD attention on US retail sales
The intraday recovery of the euro will be put to the test later, as the US retail sales are due across the Atlantic. Market consensus points to a monthly expansion of 1.1% during the last month (vs. -0.6% prev.); excluding the Transportation sector, sales are also expected to revert the previous contraction, up 0.7% MoM.
EUR/USD key levels
The pair is now advancing 0.03% at 1.0571 with the next hurdle at 1.0620 (high Apr.13) followed by 1.0684 (high Apr.10) and then 1.0713 (Low Mar.31). On the flip side, a breakdown of 1.0457 (2015 low Mar.16) would open the door to 1.0400 (psychological level) and finally 1.0360 (low Jan.8 2003).