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Trading news
23 Apr 2015
EUR/USD jumps above 1.0800
FXStreet (Córdoba) - EUR/USD jumped above 1.0800 and reached 3-day highs as the greenback weakened on the back of disappointing housing and manufacturing data while the euro welcomed positive news from Greece.
The dollar fell to session lows versus most competitors after US data showed new home sales fell 11.4% to an annual rate of 481,000 in March, below expectations of 513,000, while the Markit manufacturing PMI fell to 54.2 in April from 55.7 in March.
As for Greece, an official said PM Tsipras meeting with German Chancellor was positive and constructive. Tsipras asked for an interim-deal by end-April,Also asked for an acceleration of talks.
EUR/USD jumped to a daily peak of 1.0815 but quickly slid back below the 1.08 mark At time of writing, the pair is trading at 1.0790, still up 0.65% on the day.
EUR/USD levels to watch
In terms of technical levels, next resistances could be found at 1.0815 (daily high), 1.0848 (Apr 17 high) and 1.0886 (Apr 8 high). On the flip side, supports are seen at 1.0665/59 (Apr 23 & 22 lows), 1.0624 (Apr 16 low) and 1.0600 (psychological level).
The dollar fell to session lows versus most competitors after US data showed new home sales fell 11.4% to an annual rate of 481,000 in March, below expectations of 513,000, while the Markit manufacturing PMI fell to 54.2 in April from 55.7 in March.
As for Greece, an official said PM Tsipras meeting with German Chancellor was positive and constructive. Tsipras asked for an interim-deal by end-April,Also asked for an acceleration of talks.
EUR/USD jumped to a daily peak of 1.0815 but quickly slid back below the 1.08 mark At time of writing, the pair is trading at 1.0790, still up 0.65% on the day.
EUR/USD levels to watch
In terms of technical levels, next resistances could be found at 1.0815 (daily high), 1.0848 (Apr 17 high) and 1.0886 (Apr 8 high). On the flip side, supports are seen at 1.0665/59 (Apr 23 & 22 lows), 1.0624 (Apr 16 low) and 1.0600 (psychological level).