8 Apr 2015
EUR/USD capped around 1.0880
FXStreet (Edinburgh) - The shared currency remains in the upper bound of the intraday range, with EUR/USD gyrating around 1.0870.
EUR/USD off highs, eyes on FOMC
The pair has deflated from session highs near 1.0880, although it keeps the trade in the vicinity of 1.0870 ahead of the key FOMC minutes due in the European evening. Consensus amongst traders remains tilted towards a dovish tone, however the market reactions would not be as violent as the ones following the March 17-18 meeting.
In the data universe, spot largely ignored the releases from German Factory Orders and EMU’s Retail Sales, more concentrated in the USD dynamics.
EUR/USD key levels
The pair is now advancing 0.52% at 1.0871 with the next up barrier at 1.0909 (100-h MA) ahead of 1.0955 (high Apr.7) and finally 1.1036 (high Apr.6). On the flip side, a breakdown of 1.0803 (low Apr.7) would target 1.0800 (high Apr.1) en route to 1.0789 (21-d MA).
EUR/USD off highs, eyes on FOMC
The pair has deflated from session highs near 1.0880, although it keeps the trade in the vicinity of 1.0870 ahead of the key FOMC minutes due in the European evening. Consensus amongst traders remains tilted towards a dovish tone, however the market reactions would not be as violent as the ones following the March 17-18 meeting.
In the data universe, spot largely ignored the releases from German Factory Orders and EMU’s Retail Sales, more concentrated in the USD dynamics.
EUR/USD key levels
The pair is now advancing 0.52% at 1.0871 with the next up barrier at 1.0909 (100-h MA) ahead of 1.0955 (high Apr.7) and finally 1.1036 (high Apr.6). On the flip side, a breakdown of 1.0803 (low Apr.7) would target 1.0800 (high Apr.1) en route to 1.0789 (21-d MA).