Back
19 Mar 2015
EUR/USD sidelined around 1.0700
FXStreet (Edinburgh) - The European currency seems to have stabilized in the 1.0700 neighbourhood on Thursday, with EUR/USD meandering around 1.0690/1.0700.
EUR/USD back to normality
After yesterday’s spike to the 1.1060 area in the wake of Yellen’s press conference, the pair triggered the current deep lower to the area below 1.0700 the figure amidst a re-emergence of the bid tone around the US dollar.
With the FOMC meeting behind, market participants are now focusing on the US releases due today: Initial Claims and the Philly Fed manufacturing Survey.
EUR/USD relevant levels
At the moment the pair is retreating 1.39% at 1.0711 with the immediate support at 1.0603 (100-h MA) ahead of 1.0600 (76.4% of 1.0457-1.1062) and then 1.0580 (low Mar.18). On the upside, a break above 1.0706 (Tenkan Sen) would target 1.0955 (Kijun Sen) en route to 1.1051 (high Mar.18).
EUR/USD back to normality
After yesterday’s spike to the 1.1060 area in the wake of Yellen’s press conference, the pair triggered the current deep lower to the area below 1.0700 the figure amidst a re-emergence of the bid tone around the US dollar.
With the FOMC meeting behind, market participants are now focusing on the US releases due today: Initial Claims and the Philly Fed manufacturing Survey.
EUR/USD relevant levels
At the moment the pair is retreating 1.39% at 1.0711 with the immediate support at 1.0603 (100-h MA) ahead of 1.0600 (76.4% of 1.0457-1.1062) and then 1.0580 (low Mar.18). On the upside, a break above 1.0706 (Tenkan Sen) would target 1.0955 (Kijun Sen) en route to 1.1051 (high Mar.18).