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5 May 2015
EUR/USD in red near 1.1130
FXStreet (Edinburgh) - The single currency is extending its negative streak on Tuesday, now taking EUR/USD to the lower bound of the range near 1.1130.
EUR/USD eyes on EC, US data
Nothing relevant in Euroland data wise today, with only the Economic Growth Forecasts released by the European Commission being the main event, whereas the calendar seems more interesting across the pond: trade balance figures, Services PMI and ISM Non-manufacturing.
The pair continues to correct lower from recent tops in levels just shy of the key barrier at 1.1300 posted last week, amidst low volatility and a resurgence of the USD sentiment.
EUR/USD relevant levels
The pair is down 0.07% at 1.1138 and a drop below 1.1123 (low May 4) would expose 1.1072 (low Apr.30) and finally 1.0959 (low Apr.29). On the upside, the immediate hurdle aligns at 1.1225 (high May 4) ahead of 1.1291 (high May 1) and then 1.1380 (high Feb.26).
EUR/USD eyes on EC, US data
Nothing relevant in Euroland data wise today, with only the Economic Growth Forecasts released by the European Commission being the main event, whereas the calendar seems more interesting across the pond: trade balance figures, Services PMI and ISM Non-manufacturing.
The pair continues to correct lower from recent tops in levels just shy of the key barrier at 1.1300 posted last week, amidst low volatility and a resurgence of the USD sentiment.
EUR/USD relevant levels
The pair is down 0.07% at 1.1138 and a drop below 1.1123 (low May 4) would expose 1.1072 (low Apr.30) and finally 1.0959 (low Apr.29). On the upside, the immediate hurdle aligns at 1.1225 (high May 4) ahead of 1.1291 (high May 1) and then 1.1380 (high Feb.26).