Back
18 Mar 2015
EUR/USD retreats from highs
FXStreet (Edinburgh) - The shared currency is now giving away part of the initial gains, pushing EUR/USD back to the 1.0600 neighbourhood.
EUR/USD focus on Fed
The pair managed to climb as high as the vicinity of 1.0640 before returning to the current 1.0600 area, always against the backdrop of a persistent offered tone surrounding the greenback.
Data wise, US Mortgage Applications tracked by MBA contracted 3.9% in the week ended on March 13th. Next of relevance in the markets will be the key FOMC meeting, with the pledge for more ‘patience’ from the Fed regarding the lift-off in rates taking centre stage.
EUR/USD key levels
As of writing the pair is gaining 0.02% at 1.0601 with the next hurdle at 1.0651 (high Mar.17) ahead of 1.0684 (high Mar.12) and then 1.0718 (high Mar.11). On the flip side, a breach of 1.0551 (low Mar.17) would target 1.0457 (2015 low Mar.16) en route to 1.0400 (psychological level).
EUR/USD focus on Fed
The pair managed to climb as high as the vicinity of 1.0640 before returning to the current 1.0600 area, always against the backdrop of a persistent offered tone surrounding the greenback.
Data wise, US Mortgage Applications tracked by MBA contracted 3.9% in the week ended on March 13th. Next of relevance in the markets will be the key FOMC meeting, with the pledge for more ‘patience’ from the Fed regarding the lift-off in rates taking centre stage.
EUR/USD key levels
As of writing the pair is gaining 0.02% at 1.0601 with the next hurdle at 1.0651 (high Mar.17) ahead of 1.0684 (high Mar.12) and then 1.0718 (high Mar.11). On the flip side, a breach of 1.0551 (low Mar.17) would target 1.0457 (2015 low Mar.16) en route to 1.0400 (psychological level).