30 Apr 2015
EUR/USD choppy, back to 1.1200
FXStreet (Edinburgh) - The common currency keeps the buoyant tone vs. the US dollar on Thursday, with EUR/USD now returning to the 1.1200 neighbourhood.
EUR/USD in 2-month tops
The pair is extending its positive streak to three weeks so far, navigating levels last seen in early March although lower than today’s tops at 1.1250. Despite yesterday’s tone at the FOMC meeting and today’s US docket favoured the greenback, it lacked follow trough and allowed spot to remain in the upper bound of the range.
Looking to Friday’s docket, the only release in the euro area will be the Spanish Manufacturing PMI by Markit, whereas the ISM Manufacturing, Markit’s PMI and the Reuters/Michigan index will be grab all the attention across the pond.
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 in 2-month tops
The pair is extending its positive streak to three weeks so far, navigating levels last seen in early March although lower than today’s tops at 1.1250. Despite yesterday’s tone at the FOMC meeting and today’s US docket favoured the greenback, it lacked follow trough and allowed spot to remain in the upper bound of the range.
Looking to Friday’s docket, the only release in the euro area will be the Spanish Manufacturing PMI by Markit, whereas the ISM Manufacturing, Markit’s PMI and the Reuters/Michigan index will be grab all the attention across the pond.
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).