8 May 2015
EUR/USD in red near 1.1240
FXStreet (Mumbai) - EUR/USD remained well above 1.12 handle and recovered half its slide in the European session, largely as the US dollar gave back gains and trades muted against its major competitors as all eyes now turn to US Non-farm payrolls data.
EUR/USD rises from 1.1182
The EUR/USD trades -0.30% lower at 1.1232, struggling below 1.1250 levels. EUR/USD recovered from lows after the EUR/GBP stalled its downslide and recouped some of its previous losses, swinging back above 0.7250 levels.
Moreover, a muted US dollar across the board also cushions the downside in the EUR/USD pair. The DXY now trades flat at 94.76, easing off session highs at 95.08.
Later in the day, US NFP data is likely to remain major market driver. UK elections final outcome will also be closely watched for further impact on the major.
EUR/USD Technical Levels
The pair has an immediate resistance at 1.1278 (Today’s High) levels, above which gains could be extended to 1.1300 levels. On the flip side, support is seen at 1.1182 (Today’s Low) below which it could extend losses to 1.1150 levels.
EUR/USD rises from 1.1182
The EUR/USD trades -0.30% lower at 1.1232, struggling below 1.1250 levels. EUR/USD recovered from lows after the EUR/GBP stalled its downslide and recouped some of its previous losses, swinging back above 0.7250 levels.
Moreover, a muted US dollar across the board also cushions the downside in the EUR/USD pair. The DXY now trades flat at 94.76, easing off session highs at 95.08.
Later in the day, US NFP data is likely to remain major market driver. UK elections final outcome will also be closely watched for further impact on the major.
EUR/USD Technical Levels
The pair has an immediate resistance at 1.1278 (Today’s High) levels, above which gains could be extended to 1.1300 levels. On the flip side, support is seen at 1.1182 (Today’s Low) below which it could extend losses to 1.1150 levels.