From now on we Elev8
We're more than just a broker. We're an all-in-one trading ecosystem—everything you need to analyse, trade, and grow is in one place. Ready to elevate your trading?
Trading news
16 Apr 2015
EUR/USD regains 1.0700 and beyond
FXStreet (Edinburgh) - The single currency is extending its recovery on Thursday, now lifting EUR/USD to session tops around the 1.0730 level.
EUR/USD firmer, USD weakening
Sellers seem to be returning around the US dollar now, pushing spot higher to the area above the 1.0700 handle, recovering at the same time part of yesterday’s pullback.
In terms of the US Dollar Index, the greenback is trading in daily lows near the 98.00 handle ahead of the US data releases and speeches by Fed members. Further upside in spot could not be ruled out today in light of the poor performance of the dollar throughout the week.
EUR/USD key levels
The pair is now advancing 0.39% at 1.0725 with the next resistance at 1.0748 (high Apr.16) followed by 1.0788 (high Apr.9) and finally 1.0800 (psychological level). On the flip side, a break below 1.0613 (100-h MA) would open the door to 1.0571 (low Apr.15) and finally 1.0532 (low Apr.14).
EUR/USD firmer, USD weakening
Sellers seem to be returning around the US dollar now, pushing spot higher to the area above the 1.0700 handle, recovering at the same time part of yesterday’s pullback.
In terms of the US Dollar Index, the greenback is trading in daily lows near the 98.00 handle ahead of the US data releases and speeches by Fed members. Further upside in spot could not be ruled out today in light of the poor performance of the dollar throughout the week.
EUR/USD key levels
The pair is now advancing 0.39% at 1.0725 with the next resistance at 1.0748 (high Apr.16) followed by 1.0788 (high Apr.9) and finally 1.0800 (psychological level). On the flip side, a break below 1.0613 (100-h MA) would open the door to 1.0571 (low Apr.15) and finally 1.0532 (low Apr.14).