20 Nov 2015
EUR/USD regains 1.07, still in red
FXStreet (Edinburgh) - After bottoming out in the 1.0660 area, EUR/USD has now retaken the 1.07 handle albeit it still trades in the negative ground.
EUR/USD lower on Draghi
The bearish tone prevails around the pair despite the current rebound from daily lows in the 1.0660 region. Earlier comments by ECB’s M.Draghi signaling the central bank’s commitment to boost inflation figures have prompted sellers to step in, extending the drop from overnight peaks near 1.0730.
Nothing worth mentioning data wise in the euro region today, whereas St. Louis Fed’s J.Bullard is due to speak later in the NA session.
EUR/USD levels to watch
As of writing the pair is retreating 0.47% at 1.0682 and a breakdown of 1.0617 (low Nov.18) would target 1.0519 (low Apr.13) en route to 1.0456 (2015 low Mar.16). On the other hand, the next up barrier aligns at 1.0781 (accelerated downtrend from 1.1496) would target 1.0829 (high Nov.12) en route to 1.1069 (200-day sma).
EUR/USD lower on Draghi
The bearish tone prevails around the pair despite the current rebound from daily lows in the 1.0660 region. Earlier comments by ECB’s M.Draghi signaling the central bank’s commitment to boost inflation figures have prompted sellers to step in, extending the drop from overnight peaks near 1.0730.
Nothing worth mentioning data wise in the euro region today, whereas St. Louis Fed’s J.Bullard is due to speak later in the NA session.
EUR/USD levels to watch
As of writing the pair is retreating 0.47% at 1.0682 and a breakdown of 1.0617 (low Nov.18) would target 1.0519 (low Apr.13) en route to 1.0456 (2015 low Mar.16). On the other hand, the next up barrier aligns at 1.0781 (accelerated downtrend from 1.1496) would target 1.0829 (high Nov.12) en route to 1.1069 (200-day sma).