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27 Mar 2015
EUR/USD regains 1.0850
FXStreet (Edinburgh) - The common currency is now leaving session troughs, pushing EUR/USD back to the 1.0850/55 band.
EUR/USD attention to US GDP
The pair remains in the negative ground following the continuation of the US dollar bid tone already re-emerged on Thursday, ahead of the key releases in the US economy today: GDP Annualized and the Reuters/Michigan index. Prior surveys expect the US economy to have expanded at an annual rate of 2.4% during Q4 and the Consumer Sentiment to ease to 92.0 for the current month.
Previously, rumours regarding the resign of Greek finmin Y.Varoufakis were hovering amongst traders, although the pair remained apathetic.
EUR/USD levels to consider
As of writing the pair is down 0.28% at 1.0852 with the next support at 1.0801 (low Mar.27) ahead of 1.0767 (low Mar.23) and finally 1.0656 (low Mar.20). On the upside, a break above 1.0896 (hourly high Mar.27) would aim for 1.0930 (100-h MA) and then 1.1052 (high Mar.26).
EUR/USD attention to US GDP
The pair remains in the negative ground following the continuation of the US dollar bid tone already re-emerged on Thursday, ahead of the key releases in the US economy today: GDP Annualized and the Reuters/Michigan index. Prior surveys expect the US economy to have expanded at an annual rate of 2.4% during Q4 and the Consumer Sentiment to ease to 92.0 for the current month.
Previously, rumours regarding the resign of Greek finmin Y.Varoufakis were hovering amongst traders, although the pair remained apathetic.
EUR/USD levels to consider
As of writing the pair is down 0.28% at 1.0852 with the next support at 1.0801 (low Mar.27) ahead of 1.0767 (low Mar.23) and finally 1.0656 (low Mar.20). On the upside, a break above 1.0896 (hourly high Mar.27) would aim for 1.0930 (100-h MA) and then 1.1052 (high Mar.26).