30 Apr 2015
EUR/USD retakes 1.1200
FXStreet (Edinburgh) - The European currency has regained the 1.1200 handle vs. the greenback, after the brief EUR/USD adventure to the 1.1180/70 band.
EUR/USD attention to the US releases
The pair keeps the upbeat tone now, managing to sustain the early reversion of the drop to session lows around 1.1070. It seems market participants have already digested the miserable US GDP print and the FOMC statement, turning their focus on the upcoming US releases: Initial Claims, PCE and Personal Spending/Income.
Earlier on in Euroland, the preliminary inflation figures came in flat for the month of April, matching consensus and reverting the previous 0.1% contraction.
EUR/USD key levels
At the moment the pair is gaining 0.59% at 1.1194 with the initial hurdle at 1.1250 (high Apr.30) ahead of 1.1280 (76.4% of 1.1534-1.0457) and finally 1.1307 (100d-MA). On the flip side, a breakdown of 1.1152 (daily cloud top) followed by 1.1072 (low Apr.30) and then 1.0960 (low Apr.29).
EUR/USD attention to the US releases
The pair keeps the upbeat tone now, managing to sustain the early reversion of the drop to session lows around 1.1070. It seems market participants have already digested the miserable US GDP print and the FOMC statement, turning their focus on the upcoming US releases: Initial Claims, PCE and Personal Spending/Income.
Earlier on in Euroland, the preliminary inflation figures came in flat for the month of April, matching consensus and reverting the previous 0.1% contraction.
EUR/USD key levels
At the moment the pair is gaining 0.59% at 1.1194 with the initial hurdle at 1.1250 (high Apr.30) ahead of 1.1280 (76.4% of 1.1534-1.0457) and finally 1.1307 (100d-MA). On the flip side, a breakdown of 1.1152 (daily cloud top) followed by 1.1072 (low Apr.30) and then 1.0960 (low Apr.29).