4 Jun 2015
EUR/USD bounces off 1.1230
FXStreet (Edinburgh) - After a brief test of the 1.1230 area, EUR/USD is now picking up pace again and retaking the upper-1.1200s.
EUR/USD recovers on IMF’s Lagarde
Auspicious releases in the US labour market helped the greenback to regain the positive ground, although recent appreciations by IMF Chief C.Lagarde snapped the pair’s decline and put the euro back on track to the 1.1300 area.
Lagarde ‘recommended’ the Fed to postpone any rate lift-off for Q1 2016 and to revise lower its economic growth projections.
EUR/USD levels to watch
The pair is gaining 0.01% at 1.1277 with the next hurdle at 1.1383 (high May 13) followed by 1.1400 (psychological level) and finally 1.1444 (high May 14). On the downside, a break below 1.1230 (low Jun.4) would open the door to 1.1079 (low Jun.3) and then 1.0918 (low Jun.2).
EUR/USD recovers on IMF’s Lagarde
Auspicious releases in the US labour market helped the greenback to regain the positive ground, although recent appreciations by IMF Chief C.Lagarde snapped the pair’s decline and put the euro back on track to the 1.1300 area.
Lagarde ‘recommended’ the Fed to postpone any rate lift-off for Q1 2016 and to revise lower its economic growth projections.
EUR/USD levels to watch
The pair is gaining 0.01% at 1.1277 with the next hurdle at 1.1383 (high May 13) followed by 1.1400 (psychological level) and finally 1.1444 (high May 14). On the downside, a break below 1.1230 (low Jun.4) would open the door to 1.1079 (low Jun.3) and then 1.0918 (low Jun.2).