18 May 2015
EUR/USD falling fast, 1.13 on sight
FXStreet (Edinburgh) - The selling pressure is now growing bigger around EUR/USD, printing fresh intraday lows around 1.1310/05.
EUR/USD in 3-day lows
Buyers still remain absent around the single currency on Monday, prompting spot to challenge the key support at 1.1300 the figure against the backdrop of rising vulnerability on the Greek situation. Furthermore, traders continue to cash up gains after the recent strong upside, collaborating with the correction lower.
Ahead in the week, the ZEW Survey in the euro area and Germany is due tomorrow, preceding the final CPI figures in the euro region during April (0.0% YoY exp.)
EUR/USD significant levels
As of writing the pair is losing 1.23% at 1.1310 with the immediate support at 1.1300 (psychological level) ahead of 1.1294 (10-d MA) and then 1.1202 (low May 13). On the flip side, a breakout of 1.1451 (high May 18) would target 1.1468 (high May 15) en route to 1.1486 (high Feb.6).
EUR/USD in 3-day lows
Buyers still remain absent around the single currency on Monday, prompting spot to challenge the key support at 1.1300 the figure against the backdrop of rising vulnerability on the Greek situation. Furthermore, traders continue to cash up gains after the recent strong upside, collaborating with the correction lower.
Ahead in the week, the ZEW Survey in the euro area and Germany is due tomorrow, preceding the final CPI figures in the euro region during April (0.0% YoY exp.)
EUR/USD significant levels
As of writing the pair is losing 1.23% at 1.1310 with the immediate support at 1.1300 (psychological level) ahead of 1.1294 (10-d MA) and then 1.1202 (low May 13). On the flip side, a breakout of 1.1451 (high May 18) would target 1.1468 (high May 15) en route to 1.1486 (high Feb.6).