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17 Apr 2015
EUR/USD resumed the upside, near 1.0780
FXStreet (Edinburgh) - After dipping to daily lows near 1.0730, the buying interest seems to have returned to the euro, pushing EUR/USD to the 1.0775/80 band.
EUR/USD capped by 1.0850
The euro has now regained the positive territory after US releases have surprised investors to the upside, dragging spot from intraday tops in the mid-1.08s. Despite today’s auspicious results in the US docket, the week was almost entirely dominated by softer prints and a generalized dovish tone from several Fed members, pushing rate hike expectations for later in the year.
Greece remains a source of increasing uncertainty, although the single currency seems to bypass this for the time being. Recall that EU officials, in particular Germany, have ruled out any agreement in the next Eurogroup meeting on April 24th.
EUR/USD key levels
The pair is now up 0.19% at 1.0782 and break above 1.0849 (high Apr.17) would open the door to 1.0887 (high Apr.8) and then 1.0947 (high Apr.7). On the downside, the initial support aligns at 1.0613 (100-h MA) ahead of 1.0571 (low Apr.15) and finally 1.0532 (low Apr.14).
EUR/USD capped by 1.0850
The euro has now regained the positive territory after US releases have surprised investors to the upside, dragging spot from intraday tops in the mid-1.08s. Despite today’s auspicious results in the US docket, the week was almost entirely dominated by softer prints and a generalized dovish tone from several Fed members, pushing rate hike expectations for later in the year.
Greece remains a source of increasing uncertainty, although the single currency seems to bypass this for the time being. Recall that EU officials, in particular Germany, have ruled out any agreement in the next Eurogroup meeting on April 24th.
EUR/USD key levels
The pair is now up 0.19% at 1.0782 and break above 1.0849 (high Apr.17) would open the door to 1.0887 (high Apr.8) and then 1.0947 (high Apr.7). On the downside, the initial support aligns at 1.0613 (100-h MA) ahead of 1.0571 (low Apr.15) and finally 1.0532 (low Apr.14).