26 Mar 2015
EUR/USD testing 1.1000
FXStreet (Edinburgh) - The European currency is losing the grip now, sending EUR/USD back to the boundaries of the 1.1000 handle.
EUR/USD capped near 1.1060
The initial upside in the pair seems to have run out steam in the vicinity of 1.1060, just below the spike post-FOMC from last week. Sellers appear to have turned up around the mid-1.10s, now relegating spot back to the 1.0990/1.1000 band.
The euro gained further strength following the persistent weakness around the US dollar and the better-than-expected Consumer Confidence in Germany measured by the Gfk Survey.
EUR/USD important levels
The pair is now up 0.29% at 1.1002 with the next resistance at 1.1053 (high Mar.26) ahead of 1.1062 (high Mar.18) and then 1.1115 (high Mar.5). On the flip side, a breakdown of 1.0891 (low Mar.24) would open the door to 1.0886 (21-d MA) and then 1.0768 (hourly low Mar.23).
EUR/USD capped near 1.1060
The initial upside in the pair seems to have run out steam in the vicinity of 1.1060, just below the spike post-FOMC from last week. Sellers appear to have turned up around the mid-1.10s, now relegating spot back to the 1.0990/1.1000 band.
The euro gained further strength following the persistent weakness around the US dollar and the better-than-expected Consumer Confidence in Germany measured by the Gfk Survey.
EUR/USD important levels
The pair is now up 0.29% at 1.1002 with the next resistance at 1.1053 (high Mar.26) ahead of 1.1062 (high Mar.18) and then 1.1115 (high Mar.5). On the flip side, a breakdown of 1.0891 (low Mar.24) would open the door to 1.0886 (21-d MA) and then 1.0768 (hourly low Mar.23).