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Forex: EUR/USD back to daily flatness

The EUR/USD found its daily low at 1.3362 just ahead of the publication of US data. US housing building permits rose to 0.925M (more than expected), but housing starts declined to 0.890M (less than expected) in January. US PPI rose from 1.3% to 1.4% (YoY), despite rising less than expected on the month (+0.2% instead of +0.3%).

Once data got released, the pair bounced back to flat daily levels around the opening price and a probable attempt to touch the 1.3400, coming four pips short from that target. US Redbook rose 1.5% in the week ending at February 10, with the annualized figure rising from 2.4% to 3.1%.

Mataf.net analysts point to resistances at 1.3395, 1.3430 and 1.3455. On the downside, supports might be found at 1.3370, 1.3330 and 1.3300.

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