Back
16 Mar 2015
EUR/USD inching higher, near 1.0530
FXStreet (Edinburgh) - The shared currency is trading on the right footing at the beginning of the week vs, the greenback, taking EUR/USD to the area of 1.530 so far.
EUR/USD bounced off 1.0460
The pair has managed to revert a negative start after opening around the 1.0460 region in Asia, recovering some ground along with the offered tone surrounding the USD.
Empty docket in the euro area today will leave the attention to the US releases, with Capacity Utilization, Industrial Production and the Housing Market index gauged by NAHB as the main highlights.
Despite no major announcements are expected, market participants would pay attention to Draghi’s speech tonight in Frankfurt about “The Future of the Finance Industry – Between Growth and Regulation”; followed by a speech by ECB’s Exec Board Member S.Lautenschlager on “Reality Check – How to Foster Growth in the New Regulatory Landscape”, also in Frankfurt.
EUR/USD levels to consider
The pair is advancing 0.19% at 1.0516 and a breakdown of 1.0457 (12-year low Mar.16) would expose 1.0335 (2003 low Jan.2) and then 1.0300 (psychological level). On the flip side, the initial up-barrier lines up at 1.0635 (high Mar.13) ahead of 1.0683 (high Mar.12) followed by 1.0718 (high Mar.11).
EUR/USD bounced off 1.0460
The pair has managed to revert a negative start after opening around the 1.0460 region in Asia, recovering some ground along with the offered tone surrounding the USD.
Empty docket in the euro area today will leave the attention to the US releases, with Capacity Utilization, Industrial Production and the Housing Market index gauged by NAHB as the main highlights.
Despite no major announcements are expected, market participants would pay attention to Draghi’s speech tonight in Frankfurt about “The Future of the Finance Industry – Between Growth and Regulation”; followed by a speech by ECB’s Exec Board Member S.Lautenschlager on “Reality Check – How to Foster Growth in the New Regulatory Landscape”, also in Frankfurt.
EUR/USD levels to consider
The pair is advancing 0.19% at 1.0516 and a breakdown of 1.0457 (12-year low Mar.16) would expose 1.0335 (2003 low Jan.2) and then 1.0300 (psychological level). On the flip side, the initial up-barrier lines up at 1.0635 (high Mar.13) ahead of 1.0683 (high Mar.12) followed by 1.0718 (high Mar.11).