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Trading news
16 Apr 2015
EUR/USD flat around 1.0680
FXStreet (Edinburgh) - The single currency is trading almost unchanged vs. the greenback on Thursday, taking EUR/USD to the area of 1.0680.
EUR/USD focus on US docket
Absent data releases in Euroland today, the US calendar will thus be the main driver for the pair’s price action today, with the usual weekly report on the labour market, Housing Starts, Building Permits and the Philly Fed Manufacturing Survey, all along several speeches by Fed members.
Despite the flat performance so far, spot remains in the upper end of the weekly range around 1.0680, a tad lower than yesterday’s spike to the 1.0700 neighbourhood following the ECB meeting and the poor results in the US economy.
EUR/USD key levels
The pair is now retreating 0.03% at 1.0680 with the next hurdle at 1.0708 (high Apr.14) ahead of 1.0713 (low Mar.31) and then 1.0763 (10-d MA). On the downside, a break below 1.0521 (low Apr.13) would open the door to 1.0457 (2015 low Mar.18) and finally 1.0360 (low Jan.8 2003).
EUR/USD focus on US docket
Absent data releases in Euroland today, the US calendar will thus be the main driver for the pair’s price action today, with the usual weekly report on the labour market, Housing Starts, Building Permits and the Philly Fed Manufacturing Survey, all along several speeches by Fed members.
Despite the flat performance so far, spot remains in the upper end of the weekly range around 1.0680, a tad lower than yesterday’s spike to the 1.0700 neighbourhood following the ECB meeting and the poor results in the US economy.
EUR/USD key levels
The pair is now retreating 0.03% at 1.0680 with the next hurdle at 1.0708 (high Apr.14) ahead of 1.0713 (low Mar.31) and then 1.0763 (10-d MA). On the downside, a break below 1.0521 (low Apr.13) would open the door to 1.0457 (2015 low Mar.18) and finally 1.0360 (low Jan.8 2003).