1 May 2015
EUR/USD flat lining above 1.1200
FXStreet (Edinburgh) - The single currency is trading almost unchanged vs. its American counterpart on Friday, with EUR/USD flat-lined just above 1.1200 the figure.
EUR/USD keeps 2-month highs
The pair is closing its third consecutive week of gains, advancing uninterruptedly from recent lows in the 1.0500 neighbourhood and keeping the trade above the 1.1200 handle so far, amidst scarce volatility due to Labour Day holiday.
Absent relevant releases in Euroland today, the focus will be on the US docket, where Markit’s Manufacturing PMI, the ISM Manufacturing and the sentiment index tracked by Reuters/Michigan will be in the limelight.
EUR/USD key levels
At the moment the pair is retreating 0.04% at 1.1219 with the immediate support at 1.1203 (low May.1) ahead of 1.1152 (daily cloud top) and finally 1.1072 (low Apr.30). On the other direction, a surpass of 1.1250 (high Apr.30) would aim for 1.1280 (76.4% of 1.1534-1.0457) and then 1.1300 (psychological level).
EUR/USD keeps 2-month highs
The pair is closing its third consecutive week of gains, advancing uninterruptedly from recent lows in the 1.0500 neighbourhood and keeping the trade above the 1.1200 handle so far, amidst scarce volatility due to Labour Day holiday.
Absent relevant releases in Euroland today, the focus will be on the US docket, where Markit’s Manufacturing PMI, the ISM Manufacturing and the sentiment index tracked by Reuters/Michigan will be in the limelight.
EUR/USD key levels
At the moment the pair is retreating 0.04% at 1.1219 with the immediate support at 1.1203 (low May.1) ahead of 1.1152 (daily cloud top) and finally 1.1072 (low Apr.30). On the other direction, a surpass of 1.1250 (high Apr.30) would aim for 1.1280 (76.4% of 1.1534-1.0457) and then 1.1300 (psychological level).