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14 Jan 2015
EUR/USD flirting with 1.1800
FXStreet (Edinburgh) - After dipping to the vicinity of 1.1760 overnight, EUR/USD is now looking to regain the 1.1800 handle.
EUR/USD helped by weaker dollar
The preference for riskier assets is favouring the EUR so far, which is trying to break above the key mark at 1.1800 on a sustainable basis. There will be no relevant data in the euro area today, with only Industrial Production figures for the month of November and CPI gauges in France and Italy. However, market participants will remain vigilant following the European Court of Justice decision on the ECB’s OMT programme and the subsequent meeting between Merkel, Draghi and Schauble.
EUR/USD key levels
The pair is now up 0.16% at 1.1790 with the next resistance at 1.1866 (200-h MA) followed by 1.1871 (high Jan.12) and then 1.1897 (high Jan.7). On the flip side, a breakdown of 1.1753 (2015 low Jan.13) would aim for 1.1640 (low Nov. 2005) and finally 1.1376 (low Nov.2003).
EUR/USD helped by weaker dollar
The preference for riskier assets is favouring the EUR so far, which is trying to break above the key mark at 1.1800 on a sustainable basis. There will be no relevant data in the euro area today, with only Industrial Production figures for the month of November and CPI gauges in France and Italy. However, market participants will remain vigilant following the European Court of Justice decision on the ECB’s OMT programme and the subsequent meeting between Merkel, Draghi and Schauble.
EUR/USD key levels
The pair is now up 0.16% at 1.1790 with the next resistance at 1.1866 (200-h MA) followed by 1.1871 (high Jan.12) and then 1.1897 (high Jan.7). On the flip side, a breakdown of 1.1753 (2015 low Jan.13) would aim for 1.1640 (low Nov. 2005) and finally 1.1376 (low Nov.2003).