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10 Apr 2015
EUR/USD wobbling around 1.0600
FXStreet (Edinburgh) - The shared currency remains entrenched in the negative ground at the end of the week, with EUR/USD now gyrating around the 1.0600 handle.
EUR/USD bounces off 1.0590
Spot is looking to regain the ground lost after dropping to the 1.0590 levels earlier on, levels last traded on mid-March. The pair is trading in 2-week lows so far, sparking the current leg lower after being rejected once again in the 1.1040/50 band.
Nothing relevant from the data front in Euroland, with Industrial Production figures in Spain and France surpassing expectations during February. In the US docket, Export and Import Prices are due ahead of the speech by Fed’s Lacker.
EUR/USD levels to watch
The pair is now losing 0.55% at 1.0599 with the next support at 1.0580 (low Mar.18) followed by 1.0551 (low Mar.17) and then 1.0457 (12-year low Mar.16). On the flip side, a breakout of 1.0685 (hourly high Apr.10) would target 1.0788 (high Apr.9) en route to 1.0797 (10-d MA).
EUR/USD bounces off 1.0590
Spot is looking to regain the ground lost after dropping to the 1.0590 levels earlier on, levels last traded on mid-March. The pair is trading in 2-week lows so far, sparking the current leg lower after being rejected once again in the 1.1040/50 band.
Nothing relevant from the data front in Euroland, with Industrial Production figures in Spain and France surpassing expectations during February. In the US docket, Export and Import Prices are due ahead of the speech by Fed’s Lacker.
EUR/USD levels to watch
The pair is now losing 0.55% at 1.0599 with the next support at 1.0580 (low Mar.18) followed by 1.0551 (low Mar.17) and then 1.0457 (12-year low Mar.16). On the flip side, a breakout of 1.0685 (hourly high Apr.10) would target 1.0788 (high Apr.9) en route to 1.0797 (10-d MA).