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31 Mar 2015
EUR/USD treading water around 1.0750
FXStreet (Edinburgh) - EUR/USD seems to have been stabilizing around the mid-1.0700s at the end of the NA session.
EUR/USD depressed, focus on PMIs, US data
The pair remains entrenched into the negative territory during the first half of the week, as the lack of progress or positive prospects from the Greek debt talks keep weighing on sentiment.
Moving forward to Wednesday’s docket in Euroland, the final March manufacturing PMIs are due. Other than headlines from Greece, the US docket will be critical in the upcoming sessions, with the ADP report and the ISM Manufacturing as the main highlights tomorrow.
EUR/USD key levels
At the moment the pair is retreating 0.80% at 1.0744 with the immediate support at 1.0700 (psychological level) followed by 1.0688 (61.8% of 1.0457-1.1062) and finally 1.0618 (low Mar.19). On the flip side, a breakout of 1.0833 (Tenkan Sen) would open the door to 1.0860 (100-h MA) and then 1.0900 (high Mar.30).
EUR/USD depressed, focus on PMIs, US data
The pair remains entrenched into the negative territory during the first half of the week, as the lack of progress or positive prospects from the Greek debt talks keep weighing on sentiment.
Moving forward to Wednesday’s docket in Euroland, the final March manufacturing PMIs are due. Other than headlines from Greece, the US docket will be critical in the upcoming sessions, with the ADP report and the ISM Manufacturing as the main highlights tomorrow.
EUR/USD key levels
At the moment the pair is retreating 0.80% at 1.0744 with the immediate support at 1.0700 (psychological level) followed by 1.0688 (61.8% of 1.0457-1.1062) and finally 1.0618 (low Mar.19). On the flip side, a breakout of 1.0833 (Tenkan Sen) would open the door to 1.0860 (100-h MA) and then 1.0900 (high Mar.30).