21 Jul 2015
EUR/USD keeps highs near 1.0860
FXStreet (Edinburgh) - The buying interest remains intact around the euro on Tuesday, taking EUR/USD to the area of session tops around 1.0860.
EUR/USD firmer ahead of PMIs, FOMC
A wave of selling interest is now hurting the sterling and it seems to have also been collaborating with the pair’s upside via a higher EUR/GBP.
In addition, and without releases or relevant events in both Euroland or the US economy today, markets’ attention will gyrate around the risk appetite trends, all ahead flash PMI prints in the euro bloc on Friday and next week’s FOMC gathering.
EUR/USD levels to watch
At the moment the pair is up 0.29% at 1.0857 with the next resistance at 1.0866 (high Jul.20) followed by 1.1036 (high Jul.15) and then 1.1086 (high Jul.14). On the flip side, a breach of 1.0812 (low Jul.21) would open the door to 1.0789 (low Apr.25) en route to 1.0666 (low Apr.24).
EUR/USD firmer ahead of PMIs, FOMC
A wave of selling interest is now hurting the sterling and it seems to have also been collaborating with the pair’s upside via a higher EUR/GBP.
In addition, and without releases or relevant events in both Euroland or the US economy today, markets’ attention will gyrate around the risk appetite trends, all ahead flash PMI prints in the euro bloc on Friday and next week’s FOMC gathering.
EUR/USD levels to watch
At the moment the pair is up 0.29% at 1.0857 with the next resistance at 1.0866 (high Jul.20) followed by 1.1036 (high Jul.15) and then 1.1086 (high Jul.14). On the flip side, a breach of 1.0812 (low Jul.21) would open the door to 1.0789 (low Apr.25) en route to 1.0666 (low Apr.24).