8 Apr 2015
EUR/USD parked in the mid-1.0800s
FXStreet (Edinburgh) - The European currency is now easing some pips from daily highs near 1.0880, taking EUR/USD to the 1.0855/50 band.
EUR/USD firmer, attention to FOMC
The better sentiment in the risk appetite is giving support to the pair so far, which has successfully managed to leave the vicinity of 1.0800 the figure after yesterday’s Monday’s tops near 1.1040.
In the meantime, spot keeps the mid-1.0800s against a backdrop of thin trade while markets are warming up for the FOMC minutes due later. Data wise, German Factory Orders came in on the soft side while EMU’s retail sales contracted as expected.
EUR/USD key levels
The pair is now advancing 0.33% at 1.0851 with the next up barrier at 1.0909 (100-h MA) ahead of 1.0955 (high Apr.7) and finally 1.1036 (high Apr.6). On the flip side, a breakdown of 1.0803 (low Apr.7) would target 1.0800 (high Apr.1) en route to 1.0789 (21-d MA).
EUR/USD firmer, attention to FOMC
The better sentiment in the risk appetite is giving support to the pair so far, which has successfully managed to leave the vicinity of 1.0800 the figure after yesterday’s Monday’s tops near 1.1040.
In the meantime, spot keeps the mid-1.0800s against a backdrop of thin trade while markets are warming up for the FOMC minutes due later. Data wise, German Factory Orders came in on the soft side while EMU’s retail sales contracted as expected.
EUR/USD key levels
The pair is now advancing 0.33% at 1.0851 with the next up barrier at 1.0909 (100-h MA) ahead of 1.0955 (high Apr.7) and finally 1.1036 (high Apr.6). On the flip side, a breakdown of 1.0803 (low Apr.7) would target 1.0800 (high Apr.1) en route to 1.0789 (21-d MA).