7 Apr 2015
EUR/USD keeps lows around 1.0850
FXStreet (Edinburgh) - The shared currency remains well entrenched into the negative ground on Tuesday, with EUR/USD now hovering over the mid-1.0800s.
EUR/USD down from 1.0950
The pair is down around a big-figure since session highs near 1.0950 today, following the renewed selling interest around the euro. The pair thus extends the correction lower after being rejected once again from the key resistance band at 1.1040/60 on Monday.
In the data sphere, Services PMIs in Euroland were in general on the positive side along with the better print from the Sentix index, although spot practically ignored the data.
EUR/USD key levels
The pair is now retreating 0.58% at 1.0858 with the immediate support at 1.0834 (low Apr.7) followed by 1.0784 (21-d MA) and then 1.0766 (low Apr.2). On the flip side, a break above 1.0956 (high Apr.7) would open the door to 1.1036 (high Apr.6) and finally 1.1052 (high Mar.26).
EUR/USD down from 1.0950
The pair is down around a big-figure since session highs near 1.0950 today, following the renewed selling interest around the euro. The pair thus extends the correction lower after being rejected once again from the key resistance band at 1.1040/60 on Monday.
In the data sphere, Services PMIs in Euroland were in general on the positive side along with the better print from the Sentix index, although spot practically ignored the data.
EUR/USD key levels
The pair is now retreating 0.58% at 1.0858 with the immediate support at 1.0834 (low Apr.7) followed by 1.0784 (21-d MA) and then 1.0766 (low Apr.2). On the flip side, a break above 1.0956 (high Apr.7) would open the door to 1.1036 (high Apr.6) and finally 1.1052 (high Mar.26).