7 Sep 2015
EUR/USD attempts a bounce to 1.1150
FXStreet (Edinburgh) - The single currency is alternating gains with losses at the beginning of the week vs. the dollar, with EUR/USD now hovering over the mid-1.1100s.
EUR/USD in a tight range, US holiday weighs
The pair keeps navigating a narrow trading range so far today, against a backdrop of an optimistic open in the stock markets across Europe after flat developments in China following 2-day holidays.
In the data space, German Industrial Production has expanded less than previously forecasted in June, up 0.7% vs. 1.0% expected. While risk appetite trends are poised to be the exclusive catalysts today, the next release will be the Sentix index, seen at 16.1 for the current month.
EUR/USD key levels
At the moment the pair is advancing 0.12% at 1.1157 and a breakout of 1.1191 (high Sep.4) would target 1.1243 (high Sep.3) en route to 1.1294 (high Sep.2). On the other hand, the next support lines up at 1.1089 (low Sep.4) followed by 1.1057 (low Aug.12) ahead of 1.1017 (low Aug.20).
EUR/USD in a tight range, US holiday weighs
The pair keeps navigating a narrow trading range so far today, against a backdrop of an optimistic open in the stock markets across Europe after flat developments in China following 2-day holidays.
In the data space, German Industrial Production has expanded less than previously forecasted in June, up 0.7% vs. 1.0% expected. While risk appetite trends are poised to be the exclusive catalysts today, the next release will be the Sentix index, seen at 16.1 for the current month.
EUR/USD key levels
At the moment the pair is advancing 0.12% at 1.1157 and a breakout of 1.1191 (high Sep.4) would target 1.1243 (high Sep.3) en route to 1.1294 (high Sep.2). On the other hand, the next support lines up at 1.1089 (low Sep.4) followed by 1.1057 (low Aug.12) ahead of 1.1017 (low Aug.20).