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18 Mar 2014
EUR/USD assaults 1.3930
FXStreet (Edinburgh) - The single currency is extending its bounce off 1.3880, lifting the EUR/USD back to the 1.3925/30 region.
EUR/USD looks to retake 1.3940
The pair is now attempting to retake session tops in the vicinity of 1.3940, as risk appetite is creeping back to the markets. Earlier on, the German/EMU ZEW Survey surprised investors to the downside, coming in short of expectations in all of its components for the month of March, adding to the selling mood. “Even if the euro slips through the $1.3880 area seen yesterday, support last week was built in the $1.3830-40 area”, commented analysts at BBH.
EUR/USD key levels
At the moment the pair is losing 0.05% at 1.3914 with the next support at 1.3879 (low Mar.17) ahead of 1.3873 (10-d MA) and then 1.3848 (low Mar.14). On the flip side, a break above 1.3938 (high Mar.18) would target 1.3948 (high Mar.17) en route to 1.3967 (2014 high Mar.13).
EUR/USD looks to retake 1.3940
The pair is now attempting to retake session tops in the vicinity of 1.3940, as risk appetite is creeping back to the markets. Earlier on, the German/EMU ZEW Survey surprised investors to the downside, coming in short of expectations in all of its components for the month of March, adding to the selling mood. “Even if the euro slips through the $1.3880 area seen yesterday, support last week was built in the $1.3830-40 area”, commented analysts at BBH.
EUR/USD key levels
At the moment the pair is losing 0.05% at 1.3914 with the next support at 1.3879 (low Mar.17) ahead of 1.3873 (10-d MA) and then 1.3848 (low Mar.14). On the flip side, a break above 1.3938 (high Mar.18) would target 1.3948 (high Mar.17) en route to 1.3967 (2014 high Mar.13).