20 Mar 2015
EUR/USD capped by 1.07
FXStreet (Mumbai) - EUR/USD remained elevated in the early European morning, trading in a narrow range, recouping some losses from the previous session’s collapse.
EUR/USD: Key support at 1.0650
The EUR/USD now trades at 1.0689 levels, recording a gain of 0.30% on the day, having previously posted day’s low at 1.0650. EUR/USD halted its downfall and recovered slightly as traders remained calmed after a massive volatility witnessed in the previous session on the FOMC track.
EUR/USD remains supported largely on the back of US dollar weakness across the board after the unstoppable greenback rally seen yesterday.
Meanwhile, EUR/USD may continue its range trading as traders look forward to consolidate USD gains in a data dry day, awaiting speeches from Fed speakers Lockhart and Evans for fresh cues.
EUR/USD Technical Levels
The pair has an immediate resistance at 1.0700 levels, above which gains could be extended to 1.0780 levels. On the flip side, support is seen at 1.0650 levels, below which it could extend losses to 1.0579 (March 18 Low) levels.
EUR/USD: Key support at 1.0650
The EUR/USD now trades at 1.0689 levels, recording a gain of 0.30% on the day, having previously posted day’s low at 1.0650. EUR/USD halted its downfall and recovered slightly as traders remained calmed after a massive volatility witnessed in the previous session on the FOMC track.
EUR/USD remains supported largely on the back of US dollar weakness across the board after the unstoppable greenback rally seen yesterday.
Meanwhile, EUR/USD may continue its range trading as traders look forward to consolidate USD gains in a data dry day, awaiting speeches from Fed speakers Lockhart and Evans for fresh cues.
EUR/USD Technical Levels
The pair has an immediate resistance at 1.0700 levels, above which gains could be extended to 1.0780 levels. On the flip side, support is seen at 1.0650 levels, below which it could extend losses to 1.0579 (March 18 Low) levels.