6 Apr 2015
EUR/USD surrenders gains, back to 1.0980
FXStreet (Edinburgh) - The single currency has given away today’s gains so far, with EUR/USD coming back from intraday highs near 1.1040 to test 1.0980 at the moment.
EUR/USD softer, USD picks up
The greenback has reverted the initial negative trend that prevailed pretty much during the whole session, and is currently flirting with session highs near 96.80 in term of the US Dollar Index (DXY).
The euro has been once again rejected from the tough resistance band at 1.1050/60, eroding previous gains and returning to the starting point in the 1.0980 area, all amidst thin trade and scarce volume due to the Easter Monday holiday.
Looking to Tuesday’s docket in Euroland, Markit’s Services PMI are due ahead of the Investor Confidence gauge tracked by the Sentix index. In the dollar-side of the equation, the measure of the Economic Optimism, Consumer Credit Change and the speech by N.Kocherlakota will grab all the attention.
EUR/USD key levels
At the moment the pair is retreating 0.01% at 1.0977 with the immediate support at 1.0867 (low Apr.3) followed by 1.0766 (low Apr.2) and then 1.0718 (low Apr.1). On the upside, a breakout of 1.1036 (high Apr.6) would open the door to 1.1052 (high Mar.26) and finally 1.1062 (high Mar.18).
EUR/USD softer, USD picks up
The greenback has reverted the initial negative trend that prevailed pretty much during the whole session, and is currently flirting with session highs near 96.80 in term of the US Dollar Index (DXY).
The euro has been once again rejected from the tough resistance band at 1.1050/60, eroding previous gains and returning to the starting point in the 1.0980 area, all amidst thin trade and scarce volume due to the Easter Monday holiday.
Looking to Tuesday’s docket in Euroland, Markit’s Services PMI are due ahead of the Investor Confidence gauge tracked by the Sentix index. In the dollar-side of the equation, the measure of the Economic Optimism, Consumer Credit Change and the speech by N.Kocherlakota will grab all the attention.
EUR/USD key levels
At the moment the pair is retreating 0.01% at 1.0977 with the immediate support at 1.0867 (low Apr.3) followed by 1.0766 (low Apr.2) and then 1.0718 (low Apr.1). On the upside, a breakout of 1.1036 (high Apr.6) would open the door to 1.1052 (high Mar.26) and finally 1.1062 (high Mar.18).