28 Jan 2015
EUR/USD down to 1.1310
FXStreet (Edinburgh) - EUR/USD is now re-visiting the low-1.1300s following the FOMC statement on Wednesday.
EUR/USD supported by 1.1300
The demand for the euro remains subdued, although it seems enough to maintain the pair above the 1.1300 handle so far. The Fed’s statement came in broadly in line with market consensus, showing that the Committee revised higher its assessment for the domestic economy.
In the data front, tomorrow will be an interesting session for the EUR, as Germany will publish its unemployment figures and the flash CPI. In the whole bloc, M3 Money Supply, Consumer Confidence, Private Loans and Economic Sentiment are also due.
EUR/USD levels to watch
As of writing the pair is down 0.58% at 1.1313 with the next support at 1.1300 (psychological level) followed by 1.1224 (low Jan.27) and then 1.1098 (11-year low Jan.26). On the upside, a break above 1.1384 (high Jan.28) would aim for 1.1423 (high Jan.27) and finally 1.1435 (200-h MA).
EUR/USD supported by 1.1300
The demand for the euro remains subdued, although it seems enough to maintain the pair above the 1.1300 handle so far. The Fed’s statement came in broadly in line with market consensus, showing that the Committee revised higher its assessment for the domestic economy.
In the data front, tomorrow will be an interesting session for the EUR, as Germany will publish its unemployment figures and the flash CPI. In the whole bloc, M3 Money Supply, Consumer Confidence, Private Loans and Economic Sentiment are also due.
EUR/USD levels to watch
As of writing the pair is down 0.58% at 1.1313 with the next support at 1.1300 (psychological level) followed by 1.1224 (low Jan.27) and then 1.1098 (11-year low Jan.26). On the upside, a break above 1.1384 (high Jan.28) would aim for 1.1423 (high Jan.27) and finally 1.1435 (200-h MA).