26 Mar 2015
EUR/USD through 1.0900
FXStreet (Edinburgh) - EUR/USD keeps… falling. The pair has now breached the 1.0900 key support and is testing session lows in the 1.0890/80 band.
EUR/USD in 3-day lows
The single currency is accelerating its depreciation vs. the US dollar now, with the next important level on its way south being Monday’s low at 1.0767. The sudden and strong bid tone in the greenback prompted EUR-sellers to turn up ‘en masse’, sparking the sharp pullback from weekly peaks in the mid-1.10s.
Looking to Friday’s calendar, only second-tier releases in Euroland are expected – French Consumer Confidence, German Import Prices, Italian Industrial Orders – whereas the more interesting data awaits across the pond: another revision of the GDP Annualized, PCE, the Reuters/Michigan index and speeches by Fed’s Fischer and Chairwoman J.Yellen.
EUR/USD important levels
The pair is now losing 0.88% at 1.0872 and a breakdown of 1.0768 (low Mar.23) would target 1.0656 (low Mar.20) and finally 1.0613 (low Mar.19). On the upside, the immediate hurdle lines up at 1.1053 (high Mar.26) ahead of 1.1062 (high Mar.18) and then 1.1115 (high Mar.5).
EUR/USD in 3-day lows
The single currency is accelerating its depreciation vs. the US dollar now, with the next important level on its way south being Monday’s low at 1.0767. The sudden and strong bid tone in the greenback prompted EUR-sellers to turn up ‘en masse’, sparking the sharp pullback from weekly peaks in the mid-1.10s.
Looking to Friday’s calendar, only second-tier releases in Euroland are expected – French Consumer Confidence, German Import Prices, Italian Industrial Orders – whereas the more interesting data awaits across the pond: another revision of the GDP Annualized, PCE, the Reuters/Michigan index and speeches by Fed’s Fischer and Chairwoman J.Yellen.
EUR/USD important levels
The pair is now losing 0.88% at 1.0872 and a breakdown of 1.0768 (low Mar.23) would target 1.0656 (low Mar.20) and finally 1.0613 (low Mar.19). On the upside, the immediate hurdle lines up at 1.1053 (high Mar.26) ahead of 1.1062 (high Mar.18) and then 1.1115 (high Mar.5).