30 Apr 2015
EUR/USD regains 1.1100 and beyond
FXStreet (Edinburgh) - After the knee-jerk to the 1.1070 region, EUR/USD managed to recover the 1.1100 handle and is now testing session highs around 1.1115.
EUR/USD still in red, attention to German, EMU data
The pair remains in the red territory after yesterday’s tops near 1.1200 the figure as market participants continue to digest the recent statement from the FOMC meeting and the miserable results in the US GDP during Q1.
In the meantime, the new Greek negotiating team will resume the debt talks in Brussels, bringing Greece again to the forefront of the pair’s price action.
EUR/USD key levels
At the moment the pair is down 0.06% at 1.1122 and a breach of 1.1071 (low Apr.30) would target 1.0959 (low Apr.29) en route to 1.0924 (55-d MA). On the upside, the initial hurdle lines up at 1.1188 (high Apr.29) ahead of 1.1200 (psychological level) and finally 1.1218 (high Mar.3).
EUR/USD still in red, attention to German, EMU data
The pair remains in the red territory after yesterday’s tops near 1.1200 the figure as market participants continue to digest the recent statement from the FOMC meeting and the miserable results in the US GDP during Q1.
In the meantime, the new Greek negotiating team will resume the debt talks in Brussels, bringing Greece again to the forefront of the pair’s price action.
EUR/USD key levels
At the moment the pair is down 0.06% at 1.1122 and a breach of 1.1071 (low Apr.30) would target 1.0959 (low Apr.29) en route to 1.0924 (55-d MA). On the upside, the initial hurdle lines up at 1.1188 (high Apr.29) ahead of 1.1200 (psychological level) and finally 1.1218 (high Mar.3).