23 Mar 2015
EUR/USD back from highs; tests 1.0900
FXStreet (Tokyo) - The EUR/USD is losing steam after the Mario Draghi's speech as the pair is falling from highs of 1.0947 and currently testing the 1.0900.
Currently, EUR/USD is trading at 1.0902, up 0.76% on the day, having posted a daily high at 1.0947 and low at 1.0767. The hourly FXStreet OB/OS Index is showing overbought conditions, alongside the FXStreet Trend Index which is slightly bullish.
EUR/USD forecast
According to the EUR/USD Forecast Poll, "the upward corrective movement may extend, but in the long term investors keep thinking on parity."
Anil Panchal from Admiral Markets commented that the "reversal from 1.0480, coupled with dovish FOMC, could extend EURUSD pullback; however, overall trend remains bearish."
Euro to dollar exchange rate levels
If the pair bounce off 1.0900, it will find resistances at 1.0940, 1.1000 and 1.1040. To the downside, supports are at 1.0880, 1.0830 and 1.0765.
Currently, EUR/USD is trading at 1.0902, up 0.76% on the day, having posted a daily high at 1.0947 and low at 1.0767. The hourly FXStreet OB/OS Index is showing overbought conditions, alongside the FXStreet Trend Index which is slightly bullish.
EUR/USD forecast
According to the EUR/USD Forecast Poll, "the upward corrective movement may extend, but in the long term investors keep thinking on parity."
Anil Panchal from Admiral Markets commented that the "reversal from 1.0480, coupled with dovish FOMC, could extend EURUSD pullback; however, overall trend remains bearish."
Euro to dollar exchange rate levels
If the pair bounce off 1.0900, it will find resistances at 1.0940, 1.1000 and 1.1040. To the downside, supports are at 1.0880, 1.0830 and 1.0765.