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16 Apr 2014
EUR/USD reacts to the downside after upbeat US ind. production
FXStreet (San Francisco) - The US dollar is currently trading higher against the Euro after a good set of US industrial production and capacity utilization data in March. The EUR/USD fell below the 1.3825 and now it is heading to daily lows.
Industrial production rose 0.7% in March, better than expected; Capacity utilized jumped to 79.2, highest since January 2013.
Currently, EUR/USD is trading at 1.3817, up 0.03% on the day, having posted a daily high at 1.3852 and low at 1.3806. EUR/USD spot is in neutral territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bearish.
EUR/USD levels
On the downside, a break below 1.3807 (low Apr.16) would open the door to 1.3790 (low Apr.15 and finally 1.3780 (low Apr.9). On the upside, next resistance at 1.3863 (high Apr.14) and then 1.3906 (high Apr.11).
Industrial production rose 0.7% in March, better than expected; Capacity utilized jumped to 79.2, highest since January 2013.
Currently, EUR/USD is trading at 1.3817, up 0.03% on the day, having posted a daily high at 1.3852 and low at 1.3806. EUR/USD spot is in neutral territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bearish.
EUR/USD levels
On the downside, a break below 1.3807 (low Apr.16) would open the door to 1.3790 (low Apr.15 and finally 1.3780 (low Apr.9). On the upside, next resistance at 1.3863 (high Apr.14) and then 1.3906 (high Apr.11).