16 Jun 2015
EUR/USD on a better mood, in highs near 1.1330
FXStreet (Edinburgh) - The bid tone around the common currency is quickly picking u pace now, taking EUR/USD through the 1.1300 mark.
EUR/USD higher on USD softness
The offered tone around the greenback is dragging the US Dollar Index to fresh session lows, boosting in consequence the pair to test fresh intraday tops in the boundaries of 1.1330.
In the data space, German final CPI for the month of May matched the preliminary prints, with CPI rising 0.1% MoM and 0.7% YoY and the HICP up 0.1% MoM and 0.7% on a yearly basis. Next of relevance in the pair will be the ZEW Survey in German and the euro area, with consensus pointing to lower results for the current month.
EUR/USD key levels
As of writing the pair is gaining 0.31% at 1.1319 with the next resistance at 1.1334 (high Jun.11) ahead of 1.1387 (high Jun.10) and finally 1.1400 (psychological level). On the other hand, a break below 1.1259 (low Jun.16) would open the door to 1.1189 (low Jun.15) and then 1.1151 (low Jun.12).
EUR/USD higher on USD softness
The offered tone around the greenback is dragging the US Dollar Index to fresh session lows, boosting in consequence the pair to test fresh intraday tops in the boundaries of 1.1330.
In the data space, German final CPI for the month of May matched the preliminary prints, with CPI rising 0.1% MoM and 0.7% YoY and the HICP up 0.1% MoM and 0.7% on a yearly basis. Next of relevance in the pair will be the ZEW Survey in German and the euro area, with consensus pointing to lower results for the current month.
EUR/USD key levels
As of writing the pair is gaining 0.31% at 1.1319 with the next resistance at 1.1334 (high Jun.11) ahead of 1.1387 (high Jun.10) and finally 1.1400 (psychological level). On the other hand, a break below 1.1259 (low Jun.16) would open the door to 1.1189 (low Jun.15) and then 1.1151 (low Jun.12).