21 Jan 2014
EUR/USD flirting with 1.3560
FXstreet.com (Edinburgh) - The EUR/USD recovered the mid 1.35 region on Tuesday after bottoming below 1.3520, although still navigating in the red territory.
EUR/USD next big event, PMI prints
Not much happening around the shared currency today, as there are no data releases in the US and market participants have already digested the mixed prints from January’s ZEW Survey. In another direction, the Spanish Treasury managed to sell 3m and 6m Letras at lower yields, extending the positive momentum in the peripheral bond markets. However, the EUR may find support towards the second half of the week, as market consensus expects advanced manufacturing/services PMI prints in the euro area to have improved during January.
EUR/USD relevant levels
As of writing, the pair is losing 0.06% at 1.3555 with the next support at 1.3508 (2014 low Jan.20) would clear the way to 1.3490 (low Nov.25) and finally 1.3463 (low Nov.22). On the flip side, a break above 1.3563 (high Jan.21) would expose 1.3567 (high Jan.20) and then 1.3600 (psychological level).
EUR/USD next big event, PMI prints
Not much happening around the shared currency today, as there are no data releases in the US and market participants have already digested the mixed prints from January’s ZEW Survey. In another direction, the Spanish Treasury managed to sell 3m and 6m Letras at lower yields, extending the positive momentum in the peripheral bond markets. However, the EUR may find support towards the second half of the week, as market consensus expects advanced manufacturing/services PMI prints in the euro area to have improved during January.
EUR/USD relevant levels
As of writing, the pair is losing 0.06% at 1.3555 with the next support at 1.3508 (2014 low Jan.20) would clear the way to 1.3490 (low Nov.25) and finally 1.3463 (low Nov.22). On the flip side, a break above 1.3563 (high Jan.21) would expose 1.3567 (high Jan.20) and then 1.3600 (psychological level).