21 Jan 2015
EUR/USD keeps gains near 1.1600
FXStreet (Edinburgh) - EUR/USD remains reticent in the upper-1.1500s, as we get closer to the end of the session on Thursday.
EUR/USD it’s all about the ECB… or not anymore?
The EUR has tasted a bit of what the ECB has in the menu for tomorrow’s meeting after media reports leaked what it seems to be the intentions (or at least some of them) of the European Central Bank. The reports mentioned monthly bond purchases worth €50 billion under the quantitative easing scheme, scheduled to start in March and lasting a year. Curiously, the EUR reacted climbing to the area of 1.1680 after a brief knee-jerk to 1.1560, just to return to the current 1.1600 neighbourhood afterwards.
EUR/USD key levels
As of writing the pair is up 0.37% at 1.1595 with the next resistance at 1.1680 (high Jan.21) followed by 1.1694 (200-h MA) and then 1.1792 (high Jan.15). On the downside, a break below 1.1530 (low Jan.19) would target 1.1528 (61.8% of 1.1460-1.1639) en route to 1.1460 (11-year low Jan.16).
EUR/USD it’s all about the ECB… or not anymore?
The EUR has tasted a bit of what the ECB has in the menu for tomorrow’s meeting after media reports leaked what it seems to be the intentions (or at least some of them) of the European Central Bank. The reports mentioned monthly bond purchases worth €50 billion under the quantitative easing scheme, scheduled to start in March and lasting a year. Curiously, the EUR reacted climbing to the area of 1.1680 after a brief knee-jerk to 1.1560, just to return to the current 1.1600 neighbourhood afterwards.
EUR/USD key levels
As of writing the pair is up 0.37% at 1.1595 with the next resistance at 1.1680 (high Jan.21) followed by 1.1694 (200-h MA) and then 1.1792 (high Jan.15). On the downside, a break below 1.1530 (low Jan.19) would target 1.1528 (61.8% of 1.1460-1.1639) en route to 1.1460 (11-year low Jan.16).