14 Sep 2015
EUR/USD dips further near 1.1290
FXStreet (Edinburgh) - The single currency has breached the 1.1300 support vs. the dollar, pushing EUR/USD to fresh daily lows near 1.1290.
EUR/USD retrace almost a big-figure
The pair has surrendered almost a big-figure since today’s tops near 1.1380 posted during the European morning, rapidly losing ground towards session lows in the vicinity of 1.1290.
Spot thus continues to fade last Friday’s advance from the 1.1280/70 band to the mid-1.1300s along with a recovery in the greenback, which is trading near session highs when measured by the US Dollar Index.
Looking to Tuesday’s calendar, EMU’s/Germany ZEW Survey will take centre stage in early trade, while Retail Sales and Industrial Production will be the main highlights across the pond.
EUR/USD key levels
The pair is retreating 0.35% at 1.1295 and a breach of 1.1290 (low Sep.14) would target 1.1253 (low Sep.11) en route to 1.1147 (low Sep.9). On the other hand, the next hurdle lines up at 1.1374 (high Sep.14) followed by 1.1498 (high Aug.23) and finally 1.1523 (high Aug.27).
EUR/USD retrace almost a big-figure
The pair has surrendered almost a big-figure since today’s tops near 1.1380 posted during the European morning, rapidly losing ground towards session lows in the vicinity of 1.1290.
Spot thus continues to fade last Friday’s advance from the 1.1280/70 band to the mid-1.1300s along with a recovery in the greenback, which is trading near session highs when measured by the US Dollar Index.
Looking to Tuesday’s calendar, EMU’s/Germany ZEW Survey will take centre stage in early trade, while Retail Sales and Industrial Production will be the main highlights across the pond.
EUR/USD key levels
The pair is retreating 0.35% at 1.1295 and a breach of 1.1290 (low Sep.14) would target 1.1253 (low Sep.11) en route to 1.1147 (low Sep.9). On the other hand, the next hurdle lines up at 1.1374 (high Sep.14) followed by 1.1498 (high Aug.23) and finally 1.1523 (high Aug.27).