26 Mar 2015
EUR/USD turns negative, below 1.0940
FXStreet (Edinburgh) - The euro lost over a big-figure since earlier tops around 1.1050, with EUR/USD now testing session lows in the 1.0940 area.
EUR/USD lower on US data
The US dollar is accelerating the upside now, following the positive results from US Initial Claims and Markit’s Services PMI, both surpassing forecasts at 282K and 58.5, respectively.
In another direction, Fed’s Lockhart argued that the economy is ready to move to a more normal monetary policy although the likeliness of no action by the Fed this year is not completely off the table.
EUR/USD important levels
The pair is now losing 0.27% at 1.0939 and a breakdown of 1.0891 (low Mar.24) would open the door to 1.0886 (21-d MA) and then 1.0768 (hourly low Mar.23). On the upside, the immediate hurdle lines up at 1.1053 (high Mar.26) ahead of 1.1062 (high Mar.18) and then 1.1115 (high Mar.5).
EUR/USD lower on US data
The US dollar is accelerating the upside now, following the positive results from US Initial Claims and Markit’s Services PMI, both surpassing forecasts at 282K and 58.5, respectively.
In another direction, Fed’s Lockhart argued that the economy is ready to move to a more normal monetary policy although the likeliness of no action by the Fed this year is not completely off the table.
EUR/USD important levels
The pair is now losing 0.27% at 1.0939 and a breakdown of 1.0891 (low Mar.24) would open the door to 1.0886 (21-d MA) and then 1.0768 (hourly low Mar.23). On the upside, the immediate hurdle lines up at 1.1053 (high Mar.26) ahead of 1.1062 (high Mar.18) and then 1.1115 (high Mar.5).