27 May 2015
EUR/USD: Sellers in full control, JPY selling weigh
FXStreet (Bali) - The US Dollar is strengthening across the board once again during the Asian session, fueled mainly by continuous buying on USD/JPY.
EUR/USD aiming at new lows
Against the EUR/USD, the price has made another attempt to its recent lows of 1.0862, with the cheapest rate so far falling just 1 pip short from Tuesday's low. Concerns about a possible Greek default on its upcoming payments to international creditors remain a source of uncertainty likely to weight on the shared currency.
EUR/USD technical view
While there might be market makers bids trying to contain the bearish momentum, the dynamics continue to suggests that EUR/USD is a market that remains in sell-bounces mode, with 1.08 round number likely the next near term target ahead of deeper falls ahead should US data continue to pick up. On the upside, as long as 1.10 is not regained, sellers have the upper hand.
EUR/USD aiming at new lows
Against the EUR/USD, the price has made another attempt to its recent lows of 1.0862, with the cheapest rate so far falling just 1 pip short from Tuesday's low. Concerns about a possible Greek default on its upcoming payments to international creditors remain a source of uncertainty likely to weight on the shared currency.
EUR/USD technical view
While there might be market makers bids trying to contain the bearish momentum, the dynamics continue to suggests that EUR/USD is a market that remains in sell-bounces mode, with 1.08 round number likely the next near term target ahead of deeper falls ahead should US data continue to pick up. On the upside, as long as 1.10 is not regained, sellers have the upper hand.