21 Jan 2015
EUR/USD heads towards daily highs
FXStreet (Mumbai) - EUR/USD inched higher during the European session, in yet another attempt to test 1.1600 levels after ECB Nowotny’s comments.
The EUR/USD climbed higher and trades at 1.1576 levels, up 0.20% so far. The pair seems heading towards day’s high at 1.1588 levels in reaction to European Central Bank (ECB) Governing Council member Nowotny comments. Nowotny said that the much anticipated ECB monetary policy meeting on Thursday will be an interesting one but we "shouldn't get over excited about it."
Meanwhile, the EUR/USD pair is expected to remain pressured amid strong expectations that bank President Mario Draghi will announce a full-scale bond-purchasing program.
EUR/USD Technical Levels
The pair has an immediate resistance at 1.1616 (Jan 20 High) levels, above which gains could be extended to 1.1650 (Jan 16 High) levels. On the flip side, support is seen at 1.1539 (Jan 20 Low) levels, below which it could extend losses to 1.15 levels.
The EUR/USD climbed higher and trades at 1.1576 levels, up 0.20% so far. The pair seems heading towards day’s high at 1.1588 levels in reaction to European Central Bank (ECB) Governing Council member Nowotny comments. Nowotny said that the much anticipated ECB monetary policy meeting on Thursday will be an interesting one but we "shouldn't get over excited about it."
Meanwhile, the EUR/USD pair is expected to remain pressured amid strong expectations that bank President Mario Draghi will announce a full-scale bond-purchasing program.
EUR/USD Technical Levels
The pair has an immediate resistance at 1.1616 (Jan 20 High) levels, above which gains could be extended to 1.1650 (Jan 16 High) levels. On the flip side, support is seen at 1.1539 (Jan 20 Low) levels, below which it could extend losses to 1.15 levels.