5 Aug 2015
EUR/USD recovers 1.0900
FXStreet (Edinburgh) - The European currency has returned to the positive ground towards the end of the US session on Wednesday, with EUR/USD testing the 1.0900/10 band so far.
EUR/USD finds support around 1.0850
The pair is reverting two consecutive sessions in red after managing to bounce off 2-week lows in the mid-1.0800s posted on Tuesday and today. Mixed results from the US docket today have been behind the choppy performance, with buyers and sellers battling within the 1.0850-1.0940 range.
Ahead in the week, German Factory Orders (Thursday) and Trade Balance figures (Friday) will be the most salient points in Euroland, whereas July’s Non-farm Payrolls will steal the show in the global markets on Friday.
EUR/USD key levels
As of writing the pair is up 0.19% at 1.0902 and a breakout of 1.0990 (high Aug.4) would target 1.1080 (high Jul.29) en route to 1.1113 (high Jul.31). On the flip side, the immediate support lines up at 1.0848 (low Aug.5) followed by 1.0811 (low Jul.11) and finally 1.0789 (low Apr.24).
EUR/USD finds support around 1.0850
The pair is reverting two consecutive sessions in red after managing to bounce off 2-week lows in the mid-1.0800s posted on Tuesday and today. Mixed results from the US docket today have been behind the choppy performance, with buyers and sellers battling within the 1.0850-1.0940 range.
Ahead in the week, German Factory Orders (Thursday) and Trade Balance figures (Friday) will be the most salient points in Euroland, whereas July’s Non-farm Payrolls will steal the show in the global markets on Friday.
EUR/USD key levels
As of writing the pair is up 0.19% at 1.0902 and a breakout of 1.0990 (high Aug.4) would target 1.1080 (high Jul.29) en route to 1.1113 (high Jul.31). On the flip side, the immediate support lines up at 1.0848 (low Aug.5) followed by 1.0811 (low Jul.11) and finally 1.0789 (low Apr.24).