25 May 2015
EUR/USD stuck around 1.0970
FXStreet (Edinburgh) - Thin volatility is leaving the markets sidelined today, with EUR/USD now stuck around 1.0970/80.
EUR/USD consolidates below 1.10
The pair remains unable to recover the critical 1.10 handle so far, amidst a continuation of the upside momentum in the greenback after the CPI figures released last Friday.
With the situation around Greece being the main drag for the euro and the holidays all over the European markets and US, the most relevant events today will be the speeches by Fed’s Stanley Fischer and Cleveland Fed’s Loretta Mester.
EUR/USD levels to consider
As of writing the pair is down 0.32% at 1.0975 with the immediate support at 1.0959 (low May 25) ahead of 1.0922 (5055-d MA) and then 1.0860 (low Apr.28). On the other hand a breakout of 1.1062 (low May 20) would aim for 1.1208 (high May 22) and then 1.1217 (38.2% of 1.1468-1.1062).
EUR/USD consolidates below 1.10
The pair remains unable to recover the critical 1.10 handle so far, amidst a continuation of the upside momentum in the greenback after the CPI figures released last Friday.
With the situation around Greece being the main drag for the euro and the holidays all over the European markets and US, the most relevant events today will be the speeches by Fed’s Stanley Fischer and Cleveland Fed’s Loretta Mester.
EUR/USD levels to consider
As of writing the pair is down 0.32% at 1.0975 with the immediate support at 1.0959 (low May 25) ahead of 1.0922 (5055-d MA) and then 1.0860 (low Apr.28). On the other hand a breakout of 1.1062 (low May 20) would aim for 1.1208 (high May 22) and then 1.1217 (38.2% of 1.1468-1.1062).