Swing Trading: EURUSD

EUR/USD: US Building Permits

The Greenback weakened against the Eurozone's single currency, following US Retail Sales data release on Tuesday. The EUR/USD currency pair gained only 2 pips, or 0.02%, to continue fluctuating in the 1.1805 area.

The Census Bureau released two data sets simultaneously, where Residential Building Permits for the month of April came out in line with a forecast of 1.35M, moreover, the same number was released in the previous period. 

The US Dollar's slight weakening may be affected due to the lower-than-expected Housing Starts data of 1.29M, compared to the forecast of 1.32M.

EURUSD

 

Interested in EURUSD technicals? Check out the key levels

    1. R3 1.1946
    2. R2 1.19
    3. R1 1.1854
  1. PP 1.1808
    1. S1 1.1762
    2. S2 1.1717
    3. S3 1.167

 

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