23 Mar 2015
EUR/USD firmer, eyes on 1.0900
FXStreet (Edinburgh) - The European currency keeps pushing higher at the beginning of the week, sending EUR/USD to test session highs around 1.0890.
EUR/USD stronger on risk appetite
The better sentiment around the risk appetite is now propping up the current bull run in the euro, taking spot back to the boundaries of 1.0900 the figure. The offered bias has returned to the greenback, extending the leg lower following last week’s FOMC meeting and giving extra legs to the pair.
Next on tap in the euro area will be Draghi’s testimony before the European Parliament ahead of US Existing Home Sales (4.9 M exp.) and the Chicago Fed National Activity Index.
EUR/USD relevant levels
As of writing the pair is up 0.64% at 1.0890 with the next resistance at 1.0919 (21-d MA) ahead of 1.0920 (high Mar.19) and then 1.1062 (high Mar.18). On the flip side, a break below 1.0699 (100-h MA) would aim for 1.0670 (10-d MA) and finally 1.0650 (low Mar.20).
EUR/USD stronger on risk appetite
The better sentiment around the risk appetite is now propping up the current bull run in the euro, taking spot back to the boundaries of 1.0900 the figure. The offered bias has returned to the greenback, extending the leg lower following last week’s FOMC meeting and giving extra legs to the pair.
Next on tap in the euro area will be Draghi’s testimony before the European Parliament ahead of US Existing Home Sales (4.9 M exp.) and the Chicago Fed National Activity Index.
EUR/USD relevant levels
As of writing the pair is up 0.64% at 1.0890 with the next resistance at 1.0919 (21-d MA) ahead of 1.0920 (high Mar.19) and then 1.1062 (high Mar.18). On the flip side, a break below 1.0699 (100-h MA) would aim for 1.0670 (10-d MA) and finally 1.0650 (low Mar.20).