30 Jul 2015
EUR/USD dips to weekly lows near 1.0960
FXStreet (Edinburgh) - The single currency is depreciating further vs. the greenback on Thursday, taking EUR/USD to the vicinity of 1.0960.
EUR/USD lower post-FOMC, GDP eyed
The pair is trading in the lower bound of the weekly range around 1.0965/60 following the release of the FOMC statement on Wednesday, with the Fed leaving the door open for a rate hike in September.
Ahead in the session, EMU’s Economic Sentiment and preliminary inflation figures in Germany for the month of July will be the main highlights in Europe, while Initial Claims and the flash GDP figures for the second quarter will grab all the attention across the pond.
EUR/USD levels to watch
As of writing pair is losing 0.18% at 1.0963 and a breakdown of 1.0923 (low Jul.23) would aim for 1.0869 (low Jul.22) and then 1.0811 (low Jul.21). On the flip side, the next up barrier aligns at 1.1080 (high Jul.29) ahead of 1.1130 (high Jul.27) and finally 1.1197 (high Jul.13).
EUR/USD lower post-FOMC, GDP eyed
The pair is trading in the lower bound of the weekly range around 1.0965/60 following the release of the FOMC statement on Wednesday, with the Fed leaving the door open for a rate hike in September.
Ahead in the session, EMU’s Economic Sentiment and preliminary inflation figures in Germany for the month of July will be the main highlights in Europe, while Initial Claims and the flash GDP figures for the second quarter will grab all the attention across the pond.
EUR/USD levels to watch
As of writing pair is losing 0.18% at 1.0963 and a breakdown of 1.0923 (low Jul.23) would aim for 1.0869 (low Jul.22) and then 1.0811 (low Jul.21). On the flip side, the next up barrier aligns at 1.1080 (high Jul.29) ahead of 1.1130 (high Jul.27) and finally 1.1197 (high Jul.13).