7 Apr 2015
EUR/US firm around 1.0940
FXStreet (Edinburgh) - The single currency is trading in a tight range vs. the greenback on Tuesday, with EUR/USD navigating around 1.0920 and 1.0940 so far.
EUR/USD focus on PMIs
The pair is coming back from overnight lows around 1.0920 while markets slowly return to normalcy after Easter holidays. Spot manages to keep the trade above the 1.0900 handle during the first half of the week, although it still remain unable to surpass the 1.1040/60 band on a more sustainable fashion, being rejected once again on Monday.
Ahead in the session, Services PMIs in Euroland and the Sentix index will take centre stage, whereas Economic Optimism by IBD/TIPP and Consumer Credit Change are due across the pond.
EUR/USD key levels
The pair is now advancing 0.20% at 1.0944 with the initial hurdle at 1.1036 (high Apr.6) ahead of 1.1052 (high Mar.26) and finally 1.1062 (high Mar.18). On the flip side, a breakdown of 1.0867 (low Apr.3) would aim for 1.0766 (low Apr.2) and then 1.0718 (low Apr.1).
EUR/USD focus on PMIs
The pair is coming back from overnight lows around 1.0920 while markets slowly return to normalcy after Easter holidays. Spot manages to keep the trade above the 1.0900 handle during the first half of the week, although it still remain unable to surpass the 1.1040/60 band on a more sustainable fashion, being rejected once again on Monday.
Ahead in the session, Services PMIs in Euroland and the Sentix index will take centre stage, whereas Economic Optimism by IBD/TIPP and Consumer Credit Change are due across the pond.
EUR/USD key levels
The pair is now advancing 0.20% at 1.0944 with the initial hurdle at 1.1036 (high Apr.6) ahead of 1.1052 (high Mar.26) and finally 1.1062 (high Mar.18). On the flip side, a breakdown of 1.0867 (low Apr.3) would aim for 1.0766 (low Apr.2) and then 1.0718 (low Apr.1).