26 Mar 2015
EUR/USD testing highs near 1.10
FXStreet (Edinburgh) - The single currency is looking to break the overnight consolidative pattern around 1.0980, taking EUR/USD to test the 1.1000 neighbourhood.
EUR/USD focus on German, EMU data
The pair keeps the positive note today, advancing for the second consecutive week although the area above the key mark at 1.1000 still remain a tough barrier for EUR-bulls.
In the data space, Consumer Confidence in Germany tracked by Gfk Survey came in at 10 for the month of April vs. 9.8 forecasted and 9.7 previous. Next of note will be the credit figures in the euro region, with M3 Money Supply and Private Loans expected to extend the recent positive performances.
EUR/USD important levels
The pair is now up 0.14% at 1.0985 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 focus on German, EMU data
The pair keeps the positive note today, advancing for the second consecutive week although the area above the key mark at 1.1000 still remain a tough barrier for EUR-bulls.
In the data space, Consumer Confidence in Germany tracked by Gfk Survey came in at 10 for the month of April vs. 9.8 forecasted and 9.7 previous. Next of note will be the credit figures in the euro region, with M3 Money Supply and Private Loans expected to extend the recent positive performances.
EUR/USD important levels
The pair is now up 0.14% at 1.0985 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).