25 Mar 2015
EUR/USD back to 1.0960
FXStreet (Edinburgh) - The shared currency keeps the intraday range so far, with EUR/USD back to the area of 1.0960 after being once again rejected from the 1.10 region.
EUR/USD capped near 1.1020
The upbeat momentum surrounding the single currency remains intact so far, bolstered at the same time by USD-traders adjusting their positions following last week’s FOMC meeting.
Today’s softer data from US Durable Goods Orders hit the dollar, intensifying the selling pressure after yesterday’s gains. However, the post-FOMC top around 1.1060 still remains untouched and successive failures to break above that level might give the impression that a top is already in place.
EUR/USD important levels
The pair is now up 0.30% at 1.0956 with the next resistance at 1.1029 (high Mar.24) ahead of 1.1062 (high Mar.18) and then 1.1115 (high Mar.5). On the flip side, a breakdown of 1.0891 (low Mar.24) would open the door to 1.0886 (21-d MA) and then 1.0768 (hourly low Mar.23).
EUR/USD capped near 1.1020
The upbeat momentum surrounding the single currency remains intact so far, bolstered at the same time by USD-traders adjusting their positions following last week’s FOMC meeting.
Today’s softer data from US Durable Goods Orders hit the dollar, intensifying the selling pressure after yesterday’s gains. However, the post-FOMC top around 1.1060 still remains untouched and successive failures to break above that level might give the impression that a top is already in place.
EUR/USD important levels
The pair is now up 0.30% at 1.0956 with the next resistance at 1.1029 (high Mar.24) ahead of 1.1062 (high Mar.18) and then 1.1115 (high Mar.5). On the flip side, a breakdown of 1.0891 (low Mar.24) would open the door to 1.0886 (21-d MA) and then 1.0768 (hourly low Mar.23).