EUR USD stays Stable
7/29/2016 11:19:28 AM
The common currency keeps the stable footing at the end of the week, with EUR/USD toying with the 1.1100 region following EMU’s releases. EUR/USD confirms highs on data. The pair has progressed more after initial consumer prices in the EUR area are expected to increase 0.2% on a year to July, a tad higher than initial estimates. Core prices are seen gaining 0.9% over the last twelve months. Spot stays well on track to close its first week after three sequential pullbacks and looking to merge the breakout of the 1.1100 barrier. The pair is now gaining 0.30% at 1.1110 facing the first hurdle at 1.1166 followed by 1.1184 and then 1.1260. On the other hand, a breakdown of 1.0950 would target 1.0913 en route to 1.0820.