29 Apr 2015
EUR/USD remains around 1.1000
FXStreet (Edinburgh) - The common currency remains in the upper end of the trading range vs. the dollar, with EUR/USD gyrating around 1.1000 the figure.
EUR/USD attention to US data, Fed
The softer tone in the US dollar coupled with a generalized upbeat results from today’s EMU releases keep sustaining the current upside in the pair to fresh multi-week tops beyond the 1.1000 handle.
Without further releases in Euroland, next of significance in the pair will be the first revision of the US GDP Annualized during the first quarter (1.0% exp.) ahead of the key FOMC meeting due in the European evening.
EUR/USD key levels
At the moment the pair is up 0.19% at 1.1002 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 attention to US data, Fed
The softer tone in the US dollar coupled with a generalized upbeat results from today’s EMU releases keep sustaining the current upside in the pair to fresh multi-week tops beyond the 1.1000 handle.
Without further releases in Euroland, next of significance in the pair will be the first revision of the US GDP Annualized during the first quarter (1.0% exp.) ahead of the key FOMC meeting due in the European evening.
EUR/USD key levels
At the moment the pair is up 0.19% at 1.1002 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).