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9 Apr 2015
EUR/USD mired in 1.0770
FXStreet (Edinburgh) - The European currency remains within the daily range on Thursday, with EUR/USD consolidating around 1.0770/80.
EUR/USD muted on US data
The remained apathetic following the better-than-expected weekly report on the US labour market, with Initial Claims coming in at 281K in the week ended on April 3rd vs. 285K expected and 267K previous.
There are no further data scheduled for today, leaving the events from Greece as the main catalysts for the pair’s price action.
EUR/USD levels to consider
The pair is now losing 0.16% at 1.0762 and a breakdown of 1.0713 (low Mar.31) would target 1.0688 (61.8% of 1.0457-1.1062) en route to 1.0650 (low Mar.20). On the upside, the initial hurdle aligns at 1.0788 (hourly high Apr.9) ahead of 1.0834 (10-d MA) and finally 1.0888 (high Apr.8).
EUR/USD muted on US data
The remained apathetic following the better-than-expected weekly report on the US labour market, with Initial Claims coming in at 281K in the week ended on April 3rd vs. 285K expected and 267K previous.
There are no further data scheduled for today, leaving the events from Greece as the main catalysts for the pair’s price action.
EUR/USD levels to consider
The pair is now losing 0.16% at 1.0762 and a breakdown of 1.0713 (low Mar.31) would target 1.0688 (61.8% of 1.0457-1.1062) en route to 1.0650 (low Mar.20). On the upside, the initial hurdle aligns at 1.0788 (hourly high Apr.9) ahead of 1.0834 (10-d MA) and finally 1.0888 (high Apr.8).