18 Jun 2015
EUR/USD off highs, back around 1.1380
FXStreet (Edinburgh) - The shared currency has now left the area of session highs vs. the greenback, with EUR/USD now deflating to the 1.1385/80 band.
EUR/USD firmer on USD weakness
The offered tone remains unabated around the US dollar in the second half of the week after market participants perceived yesterday’s FOMC meeting as dovish. Spot gathered further pace today, surpassing the critical barrier at 1.1400 and posting multi-week tops at the same time.
Absent data releases in the euro area today, the only event worth noting will be the Eurogroup meeting, where Greece will take centre stage (despite a deal has been already ruled out). Across the pond, the usual weekly report on the US labour market is due followed by inflation figures gauged by the CPI.
EUR/USD key levels
As of writing the pair is advancing 0.42% at 1.1385 with the next resistance at 1.1421 (high Jun.18) followed by 1.1450 (high May 18) and finally 1.1486 (high Feb.6). On the flip side, a breach of 1.1330 (low Jun.18) would target 1.1277 (10-d MA) en route to 1.1206 (low Jun.17).
EUR/USD firmer on USD weakness
The offered tone remains unabated around the US dollar in the second half of the week after market participants perceived yesterday’s FOMC meeting as dovish. Spot gathered further pace today, surpassing the critical barrier at 1.1400 and posting multi-week tops at the same time.
Absent data releases in the euro area today, the only event worth noting will be the Eurogroup meeting, where Greece will take centre stage (despite a deal has been already ruled out). Across the pond, the usual weekly report on the US labour market is due followed by inflation figures gauged by the CPI.
EUR/USD key levels
As of writing the pair is advancing 0.42% at 1.1385 with the next resistance at 1.1421 (high Jun.18) followed by 1.1450 (high May 18) and finally 1.1486 (high Feb.6). On the flip side, a breach of 1.1330 (low Jun.18) would target 1.1277 (10-d MA) en route to 1.1206 (low Jun.17).