6 Apr 2015
EUR/USD back below 1.1000
FXStreet (Edinburgh) - After and adventure to the area of 1.1040, EUR/USD is now shedding earlier gains and returning to the 1.0990 neighbourhood.
EUR/USD still capped by 1.1050
The 1.1050/60 band is proving to be quite a tough barrier for EUR-bulls so far, with spot keeps being rejected from that area and feeding speculations that a top might have taken place.
In the meantime, and with Euroland on holidays due to Easter Monday, mixed data releases in the US economy failed to lend a long-lasting support to the pair, which found itself struggling to overcome the mid-1.1000s.
EUR/USD key levels
At the moment the pair is advancing 0.08% at 1.0987 and a breakout of 1.1036 (high Apr.6) would open the door to 1.1052 (high Mar.26) and finally 1.1062 (high Mar.18). On the other hand, the immediate support lines up at 1.0867 (low Apr.3) followed by 1.0766 (low Apr.2) and then 1.0718 (low Apr.1).
EUR/USD still capped by 1.1050
The 1.1050/60 band is proving to be quite a tough barrier for EUR-bulls so far, with spot keeps being rejected from that area and feeding speculations that a top might have taken place.
In the meantime, and with Euroland on holidays due to Easter Monday, mixed data releases in the US economy failed to lend a long-lasting support to the pair, which found itself struggling to overcome the mid-1.1000s.
EUR/USD key levels
At the moment the pair is advancing 0.08% at 1.0987 and a breakout of 1.1036 (high Apr.6) would open the door to 1.1052 (high Mar.26) and finally 1.1062 (high Mar.18). On the other hand, the immediate support lines up at 1.0867 (low Apr.3) followed by 1.0766 (low Apr.2) and then 1.0718 (low Apr.1).