The solid stats US weigh on the Euro-Dollar
Investing.com – After rising this morning following the IPC european higher expectations, and after have accentuated its rise in the face of the report NFP yet excellent (explanations here), the EUR/USD corrected sharply this afternoon, in the face of strong u.s. statistics.
The ISM manufacturing index for the month of January is, in fact, stood at 56.6 points, against 54 in advance, with a revision upward of the preceding numbers.
The consumer confidence index calculated by the University of Michigan has also exceeded the consensus expectations, at 91.2 points from 90.7 in a preliminary estimate.
In the Face of these numbers, the Dollar finally managed to increase, sending the EUR/USD pair down.
For the moment, the support 1.1450 seems to hold, with also the help of the moving average 100 hours currently to 1.1447.
Below this level, the next support potential are at 1.1425-30, and 1.14. The increase, the zone of 1.1475 remains the first resistance in sight, before 1.15, and then to the summit yesterday at 1.1514, the top of the January 9, at 1.1570, and the psychological threshold of 1.16.
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