25 May 2015
EUR/USD boring around 1.0980
FXStreet (Edinburgh) - Hopefully, this unbearable session is drawing to a close, with EUR/USD extending the flat line pattern around 1.0980.
EUR/USD focus on US data
The pair kept the composure throughout the session following the broader sentiment of thin volume and flat volatility in response to the inactivity in European and US markets.
Looking to Tuesday’s docket, still no scheduled releases in Euroland, whereas it appears more interesting across the Atlantic, as Durable Goods Orders, New Home Sales and Markit’s Services PMI are all due.
EUR/USD levels to consider
As of writing the pair is down 0.29% at 1.0979 with the immediate support at 1.0959 (low May 25) ahead of 1.0922 (5055-d MA) and then 1.0860 (low Apr.28). On the other hand a breakout of 1.1062 (low May 20) would aim for 1.1208 (high May 22) and then 1.1217 (38.2% of 1.1468-1.1062).
EUR/USD focus on US data
The pair kept the composure throughout the session following the broader sentiment of thin volume and flat volatility in response to the inactivity in European and US markets.
Looking to Tuesday’s docket, still no scheduled releases in Euroland, whereas it appears more interesting across the Atlantic, as Durable Goods Orders, New Home Sales and Markit’s Services PMI are all due.
EUR/USD levels to consider
As of writing the pair is down 0.29% at 1.0979 with the immediate support at 1.0959 (low May 25) ahead of 1.0922 (5055-d MA) and then 1.0860 (low Apr.28). On the other hand a breakout of 1.1062 (low May 20) would aim for 1.1208 (high May 22) and then 1.1217 (38.2% of 1.1468-1.1062).