6 Mar 2015
EUR/USD extends below 1.10
FXStreet (Edinburgh) - The shared currency remains below the key 1.10 barrier on Friday, with EUR/USD now printing fresh lows in the 1.0960 region.
EUR/USD muted post-GDP
The pair is trading heavier following the release of the GDP figures in the euro area during the last three months of 2014. The economy of the bloc have expanded at an annual pace of 0.9% and 0.3% inter-quarter, both prints in line with consensus and up from previous readings.
Next on tap, the US Non-farm Payrolls will set the pace for the pair in the very near term.
EUR/USD key levels
As of writing the pair is retreating 0.57% at 1.0964 facing the next support at 1.0900 (psychological level) ahead of 1.0914 (low Sep.5 2003) and then 1.0809 (low Sep.4 2003). On the flip side, a breakout of 1.1111 (high Mar.5) would open the door to 1.1218 (high Mar.3) and then 1.1245 (high Feb.27).
EUR/USD muted post-GDP
The pair is trading heavier following the release of the GDP figures in the euro area during the last three months of 2014. The economy of the bloc have expanded at an annual pace of 0.9% and 0.3% inter-quarter, both prints in line with consensus and up from previous readings.
Next on tap, the US Non-farm Payrolls will set the pace for the pair in the very near term.
EUR/USD key levels
As of writing the pair is retreating 0.57% at 1.0964 facing the next support at 1.0900 (psychological level) ahead of 1.0914 (low Sep.5 2003) and then 1.0809 (low Sep.4 2003). On the flip side, a breakout of 1.1111 (high Mar.5) would open the door to 1.1218 (high Mar.3) and then 1.1245 (high Feb.27).