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29 Jul 2015
EUR/USD regains 1.1060 and beyond
FXStreet (Edinburgh) - After bottoming out in the 1.1030 area in early trade, a renewed buying interest has lifted EUR/USD back to the 1.1060/65 band.
EUR/USD capped by 1.1090
The pair has recovered the smile following a bout of weakness around the US dollar, dragging it to session lows when tracked by the USD Index (DXY). Absent releases in Euroland and with Greek developments momentarily in the back burner, the pair’s price action hinges almost exclusive on the risk appetite trends and USD-dynamics.
Later on in the session, the FOMC will conclude its 2-day meeting, with consensus amongst traders expecting the greenback could be supported by the Committee’s tone of the statement.
EUR/USD levels to watch
As of writing pair is up 0.01% at 1.1064 facing the next hurdle at 1.1085 (high Jul.29) followed by 1.1129 (high Jul.27) and then 1.1197 (high Jul.13). On the other direction, a breach of 1.1030 (low Jul.29) would target 1.1022 (low Jul.28) en route to1.0969 (low Jul.27).
EUR/USD capped by 1.1090
The pair has recovered the smile following a bout of weakness around the US dollar, dragging it to session lows when tracked by the USD Index (DXY). Absent releases in Euroland and with Greek developments momentarily in the back burner, the pair’s price action hinges almost exclusive on the risk appetite trends and USD-dynamics.
Later on in the session, the FOMC will conclude its 2-day meeting, with consensus amongst traders expecting the greenback could be supported by the Committee’s tone of the statement.
EUR/USD levels to watch
As of writing pair is up 0.01% at 1.1064 facing the next hurdle at 1.1085 (high Jul.29) followed by 1.1129 (high Jul.27) and then 1.1197 (high Jul.13). On the other direction, a breach of 1.1030 (low Jul.29) would target 1.1022 (low Jul.28) en route to1.0969 (low Jul.27).