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19 Mar 2015
EUR/USD flirting with 1.0700
FXStreet (Edinburgh) - The shared currency remains entrenched in the negative territory on Thursday, with EUR/USD now approaching the 1.0700 handle.
EUR/USD down from 1.1000
The pair is sharply reversing the post-FOMC spike to the key barrier at 1.1000 following the FOMC statement and press conference by Janet Yellen. The greenback is partially recovering from the recent sharp pullback, hurting the riskier assets and sending spot back to the 1.0630 levels, or intraday lows.
Ahead in the session, the weekly report on the US labour market and the Philly Fed manufacturing index will be in the limelight across the pond, followed by Fed’s Tarullo speech.
EUR/USD relevant levels
At the moment the pair is retreating 1.50% at 1.0699 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 down from 1.1000
The pair is sharply reversing the post-FOMC spike to the key barrier at 1.1000 following the FOMC statement and press conference by Janet Yellen. The greenback is partially recovering from the recent sharp pullback, hurting the riskier assets and sending spot back to the 1.0630 levels, or intraday lows.
Ahead in the session, the weekly report on the US labour market and the Philly Fed manufacturing index will be in the limelight across the pond, followed by Fed’s Tarullo speech.
EUR/USD relevant levels
At the moment the pair is retreating 1.50% at 1.0699 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).