22 Jul 2015
EUR/USD below 1.0900 as US dollar rises across the board
FXStreet (Córdoba) - The US dollar gained momentum in the market after Wall Street opening bell and following economic data from the housing sector. EUR/USD dropped further below 1.0900 and printed a fresh daily low at 1.0879.
EUR/USD erasing yesterday’s gains
The pair had on Tuesday the best day in week and today it has erased half of those gains. Currently it trades near the lows at 1.0890, down 0.40% for the day.
On Asian hours, EUR/USD rose to test yesterday’s highs at 1.0970 but if failed to break higher and started to retreat. It accelerated to the downside below 1.0920. If it continues to decline, potential support levels might lie at 1.0870 (July 20 high), 1.0835 and 1.0805/10 (July 20, 21 lows). On the opposite direction, resistance is now seen at 1.0920, 1.0970 (daily high) and 1.1000.
USD up in the market
Greenback is rising across the board and hit fresh highs during the American session except against the pound that is the best performer so far on Wednesday. Stocks in Europe are mixed: the FTSE 100 is losing 1.37%, the DAX declines 0.58% while the IBEX rises 0.44%. In Wall Street, equities are falling around 0.50% on average.
EUR/USD erasing yesterday’s gains
The pair had on Tuesday the best day in week and today it has erased half of those gains. Currently it trades near the lows at 1.0890, down 0.40% for the day.
On Asian hours, EUR/USD rose to test yesterday’s highs at 1.0970 but if failed to break higher and started to retreat. It accelerated to the downside below 1.0920. If it continues to decline, potential support levels might lie at 1.0870 (July 20 high), 1.0835 and 1.0805/10 (July 20, 21 lows). On the opposite direction, resistance is now seen at 1.0920, 1.0970 (daily high) and 1.1000.
USD up in the market
Greenback is rising across the board and hit fresh highs during the American session except against the pound that is the best performer so far on Wednesday. Stocks in Europe are mixed: the FTSE 100 is losing 1.37%, the DAX declines 0.58% while the IBEX rises 0.44%. In Wall Street, equities are falling around 0.50% on average.