27 Feb 2015
EUR/USD breaks below 1.1200
FXStreet (Edinburgh) - The European currency is now losing the grip vs. the dollar, dragging EUR/USD back below the 1.1200 mark.
EUR/USD after US publications
The pair dropped further after the US consumer sentiment gauged by the Reuters/Michigan index came in above expectations for the present month at 95.4 vs. 94.0 forecasted. Further data showed Pending Home Sales expanding 1.7% on a monthly basis in January, a tad lower than the consensus at 1.8%; over the last twelve months, home sales rose 8.4%.
That was all from the data front in the US, while speeches by Fed’s Dudley and Fischer will soon follow.
EUR/USD relevant levels
As of writing the pair is losing 0.02% at 1.1195 with the next support at 1.1100 (psychological level) ahead of 1.1098 (11-year low Jan.26) and then 1.1047 (low Sep.8 2003). On the flip side, a breakout of 1.1332 (10-d MA) would target 1.1349 (21-d MA) en route to 1.1380 (high Feb.26).
EUR/USD after US publications
The pair dropped further after the US consumer sentiment gauged by the Reuters/Michigan index came in above expectations for the present month at 95.4 vs. 94.0 forecasted. Further data showed Pending Home Sales expanding 1.7% on a monthly basis in January, a tad lower than the consensus at 1.8%; over the last twelve months, home sales rose 8.4%.
That was all from the data front in the US, while speeches by Fed’s Dudley and Fischer will soon follow.
EUR/USD relevant levels
As of writing the pair is losing 0.02% at 1.1195 with the next support at 1.1100 (psychological level) ahead of 1.1098 (11-year low Jan.26) and then 1.1047 (low Sep.8 2003). On the flip side, a breakout of 1.1332 (10-d MA) would target 1.1349 (21-d MA) en route to 1.1380 (high Feb.26).