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EUR/USD surpassed 1.2700 on US data

FXStreet (Edinburgh) - Poor results from the US Retail Sales are now boosting EUR/USD back above the 1.2700 handle.

EUR/USD in highs near 1.2730

Spot is quickly climbing to the vicinity of 1.2730 after headlines Retail Sales in the US economy contracted 0.3% inter-month during September; Sales excluding the Transportation sector also disappointed investors, dropping 0.2% vs. a 0.3% advance forecasted. Further data showed the manufacturing gauge by the Empire State index slumped to 6.17 for the month of September vs. August’s 27.54.

EUR/USD significant levels

As of writing the pair is up 0.44% at 1.2714 and a break above 1.2770 (high Oct.14) would expose 1.2784 (30-d MA) and finally 1.2791 (high Oct.9). On the flip side, the initial support lines up at 1.2661 (10-d MA) followed by 1.2605 (low Oct.10) and then 1.2583 (low Oct.7).

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