29 Apr 2015
EUR/USD keeps 1.10 on EMU docket
FXStreet (Edinburgh) - The European currency kept the composure following further releases in the euro area, with EUR/USD navigating session tops in the 1.1010/15 band.
EUR/USD firmer, FOMC eyed
The pair’s upside remains unabated so far despite the mixed results from the euro region, where Economic Sentiment and Industrial Confidence have come in below expectations for the current month. On the opposite direction, Business Climate and Services Sentiment surpassed prior surveys, leaving Consumer Confidence unchanged.
Spot has cleared the 1.1000 barrier so far, facing the next key resistance area around 1.1030/40, ahead of the FOMC meeting and the US Q1 GDP Annualized due later.
EUR/USD key levels
At the moment the pair is up 0.27% at 1.1010 with the next resistance at 1.1036 (high Apr.6) ahead of 1.1062 (high Mar.18) and finally 1.1100 (psychological level). On the downside, a breach of 1.0959 (low Apr.29) would open the door to 1.0860 (low Apr.28) and then 1.0819 (low Apr.27).
EUR/USD firmer, FOMC eyed
The pair’s upside remains unabated so far despite the mixed results from the euro region, where Economic Sentiment and Industrial Confidence have come in below expectations for the current month. On the opposite direction, Business Climate and Services Sentiment surpassed prior surveys, leaving Consumer Confidence unchanged.
Spot has cleared the 1.1000 barrier so far, facing the next key resistance area around 1.1030/40, ahead of the FOMC meeting and the US Q1 GDP Annualized due later.
EUR/USD key levels
At the moment the pair is up 0.27% at 1.1010 with the next resistance at 1.1036 (high Apr.6) ahead of 1.1062 (high Mar.18) and finally 1.1100 (psychological level). On the downside, a breach of 1.0959 (low Apr.29) would open the door to 1.0860 (low Apr.28) and then 1.0819 (low Apr.27).