Back
4 Mar 2015
And the EUR/USD breaks below 1.1150; low volume, flow driven and stops triggering
FXStreet (San Francisco) - The EUR/USD fell quickly below 1.1150 and now it is trading at lows since January 25 around 1.1120. The move seems driven by low volume and then stop triggering below the 1.1150 barrier.
Currently, EUR/USD is trading at 1.1127, down -0.43% on the day, having posted a daily high at 1.1187 and low at 1.1125. The hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is slightly bearish.
EUR/USD levels
If the pair extends decline beyond 1.1120, next supports will be found at 1.1100 and 1.1090. To the upside, resistances are at 1.1150, 1.1175 and 1.1200 where lies a option expery of EUR€660 million for the NY cut.
Currently, EUR/USD is trading at 1.1127, down -0.43% on the day, having posted a daily high at 1.1187 and low at 1.1125. The hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is slightly bearish.
EUR/USD levels
If the pair extends decline beyond 1.1120, next supports will be found at 1.1100 and 1.1090. To the upside, resistances are at 1.1150, 1.1175 and 1.1200 where lies a option expery of EUR€660 million for the NY cut.