12 May 2015
EUR/USD stabilizing near 1.1260
FXStreet (Edinburgh) - The upside in the shared currency seems to be taking a breather now, with EUR/USD meandering around 1.1265/60, just below session tops.
EUR/USD in 3-day tops
The pair is managing to recover part of the rejection from last week’s peaks just below the 1.1400 mark to yesterday’s troughs in the 1.1130 region, backed by another sell off in the German debt markets and the subsequent raise in yields all along the curve.
There are no scheduled releases in Euroland today, whereas April’s Business Optimism Index by NFIB (95.8 exp.) and the speech by FOMC voting member J.Williams are due in the US economy.
EUR/USD levels to watch
At the moment the pair is advancing 0.92% at 1.1257 with the next hurdle at
1.1290 (high May 8) ahead of 1.1392 (high May 7) and finally 1.1400 (psychological level). On the flip side, a breakdown of 1.1131 (low May 11) would target 1.1067 (low May 5) en route to 1.1059 (38.2% of 1.0521-1.1392).
EUR/USD in 3-day tops
The pair is managing to recover part of the rejection from last week’s peaks just below the 1.1400 mark to yesterday’s troughs in the 1.1130 region, backed by another sell off in the German debt markets and the subsequent raise in yields all along the curve.
There are no scheduled releases in Euroland today, whereas April’s Business Optimism Index by NFIB (95.8 exp.) and the speech by FOMC voting member J.Williams are due in the US economy.
EUR/USD levels to watch
At the moment the pair is advancing 0.92% at 1.1257 with the next hurdle at
1.1290 (high May 8) ahead of 1.1392 (high May 7) and finally 1.1400 (psychological level). On the flip side, a breakdown of 1.1131 (low May 11) would target 1.1067 (low May 5) en route to 1.1059 (38.2% of 1.0521-1.1392).