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10 Apr 2015
EUR/USD regains 1.0600 and beyond
FXStreet (Edinburgh) - After hitting fresh multi-week lows around 1.0570, EUR/USD managed to regain the 1.0600 handle and advance to the current 1.0620/25 band.
EUR/USD up from 1.0570
The buying interest seems to have returned around session lows in sub-1.06 levels today, although the pair remains trading well into the red territory. There were no significant releases in Euroland today, leaving the main driver for the price action to the USD dynamics.
The greenback, in terms of t he US Dollar Index, extended its weekly upside to the boundaries of 99.70, almost fully recovering from the post-FOMC drop in mid-March.
EUR/USD levels to watch
The pair is now losing 0.46% at 1.0609 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 up from 1.0570
The buying interest seems to have returned around session lows in sub-1.06 levels today, although the pair remains trading well into the red territory. There were no significant releases in Euroland today, leaving the main driver for the price action to the USD dynamics.
The greenback, in terms of t he US Dollar Index, extended its weekly upside to the boundaries of 99.70, almost fully recovering from the post-FOMC drop in mid-March.
EUR/USD levels to watch
The pair is now losing 0.46% at 1.0609 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).