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27 Mar 2015
EUR/USD advances through 1.0900
FXStreet (Edinburgh) - The upside momentum is gathering traction in the single currency now, with EUR/USD surpassing the 1.0900 barrier.
EUR/USD in session highs
The pair remains in the upper bound of the daily range so far despite having faded part of the spike to the 1.0950 area earlier on. Spot managed to fully recover the pullback to the vicinity of 1.0800 before the opening bell in Euroland, advancing at a slow albeit persistent pace.
Mixed data in the US calendar today have failed to ignite a stronger sentiment in the dollar, which is now trading in the negative ground ahead of Yellen’s speech due later.
EUR/USD levels to consider
At the moment the pair is gaining 0.27% at 1.0913 with the next resistance at 1.0949 (high Mar.27) ahead of 1.1052 (high Mar.26) and finally 1.1062 (high Mar.18). On the downside, a break below 1.0801 (low Mar.27) would target 1.0767 (low Mar.23) en route to 1.0656 (low Mar.20).
EUR/USD in session highs
The pair remains in the upper bound of the daily range so far despite having faded part of the spike to the 1.0950 area earlier on. Spot managed to fully recover the pullback to the vicinity of 1.0800 before the opening bell in Euroland, advancing at a slow albeit persistent pace.
Mixed data in the US calendar today have failed to ignite a stronger sentiment in the dollar, which is now trading in the negative ground ahead of Yellen’s speech due later.
EUR/USD levels to consider
At the moment the pair is gaining 0.27% at 1.0913 with the next resistance at 1.0949 (high Mar.27) ahead of 1.1052 (high Mar.26) and finally 1.1062 (high Mar.18). On the downside, a break below 1.0801 (low Mar.27) would target 1.0767 (low Mar.23) en route to 1.0656 (low Mar.20).