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21 Apr 2015
EUR/USD off highs, back to 1.0750
FXStreet (Edinburgh) - The shared currency has reverted the initial negative start, pushing EUR/USD to session highs in the area of 1.0780 although losing momentum afterwards.
EUR/USD supported at 1.0660
The pair suffered the risk-off sentiment in early trade, albeit it has managed to gain over a big-figure from intraday lows in the area of 1.0660. Mixed results from the ZEW Survey in Germany and the euro area did little to ignite some buying interest around the euro against a backdrop of increasing concerns of the situation in Greece.
Ahead in the week, Italian Industrial Production and Retail Sales are only due tomorrow in the euro area, while Existing Home Sales and Housing Price Index are due across the Atlantic.
EUR/USD levels to consider
The pair is now advancing 0.08% at 1.0745 with the immediate resistance at 1.0789 (21-d MA) followed by 1.0825 (high Apr.20) and then 1.0849 (high Apr.17). On the flip side, a breakdown of 1.0660 (low Apr.21) would open the door to 1.0646 (61.8% of 1.0521-1.0849) and finally 1.0624 (low Apr.16).
EUR/USD supported at 1.0660
The pair suffered the risk-off sentiment in early trade, albeit it has managed to gain over a big-figure from intraday lows in the area of 1.0660. Mixed results from the ZEW Survey in Germany and the euro area did little to ignite some buying interest around the euro against a backdrop of increasing concerns of the situation in Greece.
Ahead in the week, Italian Industrial Production and Retail Sales are only due tomorrow in the euro area, while Existing Home Sales and Housing Price Index are due across the Atlantic.
EUR/USD levels to consider
The pair is now advancing 0.08% at 1.0745 with the immediate resistance at 1.0789 (21-d MA) followed by 1.0825 (high Apr.20) and then 1.0849 (high Apr.17). On the flip side, a breakdown of 1.0660 (low Apr.21) would open the door to 1.0646 (61.8% of 1.0521-1.0849) and finally 1.0624 (low Apr.16).