1 May 2015
EUR/USD in highs near 1.1260
FXStreet (Edinburgh) - The shared currency is now pushing higher vs. the greenback, with EUR/USD advancing to session tops around 1.1260.
EUR/USD focus on US docket
With the Greek front in the back burner today and the main releases in Euroland already in the memory of the markets, the main drivers today seem to come from the US calendar: Reuters/Michigan index and the manufacturing gauges by ISM and Markit’s PMI ahead of the speech by FOMC Williams.
In the meantime, spot manages to keep the trade abovbe the 1.1200 handle, even attempting to surpass recent highs in the mid-1.1200 against the backdrop of minimum volatility and scarce volume due to Labour Day in Europe.
EUR/USD key levels
At the moment the pair is advancing 0.27% at 1.1254 with the next hurdle at 1.1280 (76.4% of 1.1534-1.0457) and then 1.1300 (psychological level). On the downside, a drop below 1.1203 (low May.1) would expose 1.1152 (daily cloud top) and finally 1.1072 (low Apr.30).
EUR/USD focus on US docket
With the Greek front in the back burner today and the main releases in Euroland already in the memory of the markets, the main drivers today seem to come from the US calendar: Reuters/Michigan index and the manufacturing gauges by ISM and Markit’s PMI ahead of the speech by FOMC Williams.
In the meantime, spot manages to keep the trade abovbe the 1.1200 handle, even attempting to surpass recent highs in the mid-1.1200 against the backdrop of minimum volatility and scarce volume due to Labour Day in Europe.
EUR/USD key levels
At the moment the pair is advancing 0.27% at 1.1254 with the next hurdle at 1.1280 (76.4% of 1.1534-1.0457) and then 1.1300 (psychological level). On the downside, a drop below 1.1203 (low May.1) would expose 1.1152 (daily cloud top) and finally 1.1072 (low Apr.30).