28 Jul 2015
EUR/USD off lows, near 1.1080
FXStreet (Edinburgh) - The common currency is giving away part of yesterday’s gains vs. the dollar, with EUR/USD hovering over the 1.1075/80 band so far.
EUR/USD attention to China, risk
Another day of losses in the Chinese stock markets continue to dampen investor’s sentiment on Tuesday, as skepticism over the ability of the government to intervene in the markets keeps growing bigger amongst traders.
Back in Euroland, another vacuum of data releases will leave the attention to the risk-appetite trends and the US calendar, with the S&P/Case-Shiller index, Markit’s Services PMI and Consumer Confidence are all due later.
EUR/USD levels to watch
As of writing pair is losing 0.08% at 1.1078 and a breach of 1.0969 (low Jul.27) would open the door to 1.0931 (low Jul.24) and then 1.0892 (low Jul.22). On the flip side, the immediate hurdle lines up at 1.1129 (high Jul.27) ahead of 1.1197 (high Jul.13) and finally 1.1215 (high Jul.10).
EUR/USD attention to China, risk
Another day of losses in the Chinese stock markets continue to dampen investor’s sentiment on Tuesday, as skepticism over the ability of the government to intervene in the markets keeps growing bigger amongst traders.
Back in Euroland, another vacuum of data releases will leave the attention to the risk-appetite trends and the US calendar, with the S&P/Case-Shiller index, Markit’s Services PMI and Consumer Confidence are all due later.
EUR/USD levels to watch
As of writing pair is losing 0.08% at 1.1078 and a breach of 1.0969 (low Jul.27) would open the door to 1.0931 (low Jul.24) and then 1.0892 (low Jul.22). On the flip side, the immediate hurdle lines up at 1.1129 (high Jul.27) ahead of 1.1197 (high Jul.13) and finally 1.1215 (high Jul.10).