FX : EUR/USD: Euro dips below 1.4085 after U.S. data
FXstreet.com (Barcelona) - Euro pull back from 1.4155 intra-day high has extended to levels below 1.4085 support on the back of weaker tan expected U.S. housing starts and PPI data. At the moment, the Euro trades at 1.4080.
According to Valeria Bednarik, collaborator at FXstreet.com, under 1.4085 the pair could re-test Asian lows: "Under 1.4085 pair could come again into selling pressure, and test Asian lows around 1.4068 ahead of 1.4045. Under this last, next key support lies at 1.3980."
On the upside, if the Euro picks up above 1.4085, next resistance levels lie at t 1.4160 (Aug 14 low), and then 1.4210 and 1.4265/70.
