EUR/USD around 1.0900, US data eyed

FXStreet (Edinburgh) - EUR/USD is clinging to the 1.0900 handle on Tuesday ahead of further US data releases.

EUR/USD supported near 1.0880

The pair broke below the 1.0900 mark for the first time since late April, although it later managed to regain the 1.0900 handle and is currently keeping the trade around that level.

In the meantime, the dollar continues to gather steam sustained by auspicious results from today’s US Durable Goods Orders and the S&P/Case-Shiller index. Recent data showed that flash Markit’s Service PMI came in at 56.4 for the month of May, missing estimates at 56.8.

EUR/USD levels to consider

As of writing the pair is down 0.56% at 1.0915 with the immediate support at 1.0885 (low May 26) ahead of 1.0860 (low Apr.28) and then 1.0785 (low Apr.24). On the other hand a breakout of 1.0984 (high May 26) would target 1.1062 (low May 20) en route to 1.1208 (high May 22).

EUR/USD requires a move below 1.0870 to see further declines – FXStreet

Valeria Bednarik, Chief Analyst at FXStreet, notes EUR/USD technicals have turned back lower but the pair requires a break below 1.0870 to see declines towards 1.08 area.
Leia mais Previous

Gold turning down impulsively, now testing the trendline – EW-Forecast

Gregor Horvat of EW-Forecast, uses Elliott Wave Analysis to give the technical outlook for Gold.
Leia mais Next