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19 May 2015
EUR/USD back below 1.13
FXStreet (Mumbai) - The EUR is being offered in the early European session, which pushed the EUR/USD pair to a fresh session low of 1.1281.
Will German yields continue to weigh over EUR?
The shared currency was ditched in the previous session due as the German yields underperformed their US counterparts, thereby shifting the yield spread in favor of the US dollar. At the moment, both the benchmark German 10-year yield and the US 10-year treasury yield is trading more or less unchanged on the day.
Ahead in the day, Greek concerns may keep the German yields relatively weak. The Eurozone CPI figures for April could also have a impact on the pair.
EUR/USD Technical Levels
The pair currently trades at 1.1287. The immediate support is located at 1.1277, under which losses could be extended to 1.12. On the flip side, a break above 1.1293 (hourly 200-MA) could see the pair re-test 1.1327.
Will German yields continue to weigh over EUR?
The shared currency was ditched in the previous session due as the German yields underperformed their US counterparts, thereby shifting the yield spread in favor of the US dollar. At the moment, both the benchmark German 10-year yield and the US 10-year treasury yield is trading more or less unchanged on the day.
Ahead in the day, Greek concerns may keep the German yields relatively weak. The Eurozone CPI figures for April could also have a impact on the pair.
EUR/USD Technical Levels
The pair currently trades at 1.1287. The immediate support is located at 1.1277, under which losses could be extended to 1.12. On the flip side, a break above 1.1293 (hourly 200-MA) could see the pair re-test 1.1327.