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16 Apr 2015
EUR/USD recovers 1.0670
FXStreet (Edinburgh) - After bottoming out around 1.0620, EUR/USD is now looking to regain the 1.0665/70 band although it stills remains in the red territory.
EUR/USD attention to the US docket
The USD dynamics continue to drive the price action in the pair this week. However, releases across the pond have done little to support the greenback, with most of the releases coming in on the soft side so far.
Next on tap will be US Housing Starts, Building Permits, Initial Claims and the speeches by Lockhart, Mester, Rosengren and Fischer.
EUR/USD key levels
The pair is now retreating 0.11% at 1.0671 and 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). On the flip side, the initial hurdle aligns at 1.0726 (200-h MA) ahead of 1.0748 (high Apr.16) and then 1.0788 (high Apr.9).
EUR/USD attention to the US docket
The USD dynamics continue to drive the price action in the pair this week. However, releases across the pond have done little to support the greenback, with most of the releases coming in on the soft side so far.
Next on tap will be US Housing Starts, Building Permits, Initial Claims and the speeches by Lockhart, Mester, Rosengren and Fischer.
EUR/USD key levels
The pair is now retreating 0.11% at 1.0671 and 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). On the flip side, the initial hurdle aligns at 1.0726 (200-h MA) ahead of 1.0748 (high Apr.16) and then 1.0788 (high Apr.9).