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EUR/USD around 1.1450 on EMU data

FXStreet (Edinburgh) - The shared currency keeps the range on Wednesday, taking EUR/USD to the 1.1450/55 band.

EUR/USD flat on data

The pair remains within the intraday range despite the retail sales in the euro zone bettered expectations during December, expanding 0.3% on a monthly basis and 2.8% YoY, vs. November’s 0.7% and 1.6%, respectively.

In the meantime, investors’ attention remains on the meetings by Tsipras-Juncker and Draghi-Varoufakis.

EUR/USD key levels

At the moment the pair is losing 0.27% at 1.1451 facing the next support at 1.1400 (psychological level) ahead of 1.1312 (hourly low Feb.3) and then 1.1280 (low Feb.2). On the upside, the next hurdle lines up at 1.1535 (high Feb.3) ahead of 1.1551 (21-d MA) and then 1.1652 (high Jan.22).

European Monetary Union Retail Sales (MoM) above forecasts (0.2%) in December: Actual (0.3%)

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Volume of European retail trade up by 0.3 percent

In December 2014 compared with November 2014, the seasonally adjusted volume of retail trade1 rose by 0.3 percent in both the euro area and the 28-member European Union, according to estimates from Eurostat, the statistical office of the European Union.
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