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24 Mar 2016
EUR/USD returns to the mid-1.1100s
The common currency is back to the red figures vs. the greenback on Thursday, with EUR/USD returning to the area of session lows near 1.1155/50.
EUR/USD weaker ahead of US data
Spot has quickly faded the stab to the 1.1190 area, or session highs, as the up move lacked of follow through and the greenback resumed its upside momentum soon afterwards.
Nothing relevant in the euro area on the data front, while US Initial Claims, Durable Goods Orders and Services PMI will take centre stage later in the NA session.
EUR/USD levels to watch
The pair is now retreating 0.19% at 1.1159 facing the next support at 1.1123 (38.2% Fibo of 1.0709-1.1378) ahead of 1.1084 (20-day sma) and finally 1.1041 (200-day sma). On the flip side, a break above 1.1344 (high Mar.17) would target 1.1378 (2016 high Feb.11) en route to 1.1496 (monthly high Oct.15 2015).
EUR/USD weaker ahead of US data
Spot has quickly faded the stab to the 1.1190 area, or session highs, as the up move lacked of follow through and the greenback resumed its upside momentum soon afterwards.
Nothing relevant in the euro area on the data front, while US Initial Claims, Durable Goods Orders and Services PMI will take centre stage later in the NA session.
EUR/USD levels to watch
The pair is now retreating 0.19% at 1.1159 facing the next support at 1.1123 (38.2% Fibo of 1.0709-1.1378) ahead of 1.1084 (20-day sma) and finally 1.1041 (200-day sma). On the flip side, a break above 1.1344 (high Mar.17) would target 1.1378 (2016 high Feb.11) en route to 1.1496 (monthly high Oct.15 2015).