25 Nov 2015
EUR/USD in session highs, 1.07 closer
FXStreet (Edinburgh) - The buying interest is now picking up pace around the single currency, helping EUR/USD to clinch fresh highs in the 1.0690 area.
EUR/USD stronger ahead of US data
The pair is up more than a big-figure since recent lows in the 1.0590 area, bolstered by a softer tone in the greenback after being rejected once again from key resistance levels.
Absent data releases in Euroland today, market participants will look to the heavy US calendar for cues on the price action, as Initial Claims, PCE, Durable Goods Orders will take centre stage later in the NA session.
EUR/USD levels to watch
As of writing the pair is up 0.35% at 1.0683 with the next hurdle at 1.0805 (23.6% Fibo of 1.1496-1.0591) ahead of 1.0829 (high Nov.12) and finally 1.1058 (200-day sma). On the other hand, a breach of 1.0591 (low Nov.23) would target 1.0519 (low Apr.13) en route to 1.0456 (2015 low Mar.16).
EUR/USD stronger ahead of US data
The pair is up more than a big-figure since recent lows in the 1.0590 area, bolstered by a softer tone in the greenback after being rejected once again from key resistance levels.
Absent data releases in Euroland today, market participants will look to the heavy US calendar for cues on the price action, as Initial Claims, PCE, Durable Goods Orders will take centre stage later in the NA session.
EUR/USD levels to watch
As of writing the pair is up 0.35% at 1.0683 with the next hurdle at 1.0805 (23.6% Fibo of 1.1496-1.0591) ahead of 1.0829 (high Nov.12) and finally 1.1058 (200-day sma). On the other hand, a breach of 1.0591 (low Nov.23) would target 1.0519 (low Apr.13) en route to 1.0456 (2015 low Mar.16).