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15 Jan 2015
EUR/USD in lows near 1.1760
FXStreet (Edinburgh) - The shared currency is grinding lower on Thursday, sending EUR/USD to test session lows in the 1.1765/60 band.
EUR/USD weaker as dollar picks up pace
The demand for the greenback is hurting the risk-associated universe at the end of the Asian session, with spot meandering between 1.1760 and 1.1780 so far. Ahead in the day, there will be only second-tier releases in the euro area: Spanish inflation figures during December and EMU’s trade balance results. Across the Atlantic, more relevant data are poised to drive the pair later on in the session, as Initial Claims, Producer Prices and the Philly Manufacturing Survey are all due. Of note however is the speech by BuBa’s J.Weidmann, scheduled for 915GMT.
EUR/USD key levels
At the moment the pair is down 0.17% at 1.1771 with the next support at 1.1728 (9-year low Jan.14) ahead of 1.1640 (low Nov. 2005) and then 1.1376 (low Nov. 2003). On the upside, a breakout of 1.1839 (200-h MA) would expose 1.1845 (10-d MA) and finally 1.1871 (high Jan.12).
EUR/USD weaker as dollar picks up pace
The demand for the greenback is hurting the risk-associated universe at the end of the Asian session, with spot meandering between 1.1760 and 1.1780 so far. Ahead in the day, there will be only second-tier releases in the euro area: Spanish inflation figures during December and EMU’s trade balance results. Across the Atlantic, more relevant data are poised to drive the pair later on in the session, as Initial Claims, Producer Prices and the Philly Manufacturing Survey are all due. Of note however is the speech by BuBa’s J.Weidmann, scheduled for 915GMT.
EUR/USD key levels
At the moment the pair is down 0.17% at 1.1771 with the next support at 1.1728 (9-year low Jan.14) ahead of 1.1640 (low Nov. 2005) and then 1.1376 (low Nov. 2003). On the upside, a breakout of 1.1839 (200-h MA) would expose 1.1845 (10-d MA) and finally 1.1871 (high Jan.12).