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16 Sep 2015
EUR/USD turns positive near 1.1280
FXStreet (Edinburgh) - EUR/USD keeps pushing higher on Wednesday, now retaking the positive territory near 1.1280.
EUR/USD rebounds from 1.1220
The pair is coming up from session troughs in the 1.1220 area prior to the US CPI data releases, appreciating further as market expectations of a rate hike by the Fed to be announced at tomorrow’s meeting keep diminishing.
Next of relevance for the pair, albeit of lower importance, will be the housing sector gauge by the NAHB index followed by TIC Flows.
EUR/USD key levels
The pair is up 0.02% at 1.1273 with the next resistance at 1.1299 (high Sep.16) followed by 1.1328 (high Sep.15) and then 1.1374 (high Sep.14). On the other hand, a breakdown of 1.1214 (low Sep.16) would aim for 1.1171 (low Sep.10) and finally 1.1131 (low Sep.9).
EUR/USD rebounds from 1.1220
The pair is coming up from session troughs in the 1.1220 area prior to the US CPI data releases, appreciating further as market expectations of a rate hike by the Fed to be announced at tomorrow’s meeting keep diminishing.
Next of relevance for the pair, albeit of lower importance, will be the housing sector gauge by the NAHB index followed by TIC Flows.
EUR/USD key levels
The pair is up 0.02% at 1.1273 with the next resistance at 1.1299 (high Sep.16) followed by 1.1328 (high Sep.15) and then 1.1374 (high Sep.14). On the other hand, a breakdown of 1.1214 (low Sep.16) would aim for 1.1171 (low Sep.10) and finally 1.1131 (low Sep.9).