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13 Apr 2015
EUR/USD on its way to 1.0500?
FXStreet (Edinburgh) - The European currency keeps depreciating vs. the dollar at the beginning of the week, dragging EUR/USD to fresh lows around 1.0520.
EUR/USD much weaker on USD
The upbeat sentiment around the greenback remains well and sound at the beginning of the week, extending its upside from the last week to levels closer to the key 100.00 in terms of the US Dollar Index.
The uncertainty surrounding Greece remains another source of instability around EUR. Recall that Greek officials need to submit a list of (credible) reforms by April 20th, ahead of the critical Eurogroup meeting on April 24th.
EUR/USD key levels
The pair is now losing 0.72% at 1.0527 with the next support at 1.0457 (2015 low Mar.16) followed by 1.0400 (psychological level) and then 1.0360 (low Jan.8 2003). On the flip side, a breakout of 1.0620 (high Apr.13) would target 1.0684 (high Apr.10) en route to 1.0772 (10-d MA).
EUR/USD much weaker on USD
The upbeat sentiment around the greenback remains well and sound at the beginning of the week, extending its upside from the last week to levels closer to the key 100.00 in terms of the US Dollar Index.
The uncertainty surrounding Greece remains another source of instability around EUR. Recall that Greek officials need to submit a list of (credible) reforms by April 20th, ahead of the critical Eurogroup meeting on April 24th.
EUR/USD key levels
The pair is now losing 0.72% at 1.0527 with the next support at 1.0457 (2015 low Mar.16) followed by 1.0400 (psychological level) and then 1.0360 (low Jan.8 2003). On the flip side, a breakout of 1.0620 (high Apr.13) would target 1.0684 (high Apr.10) en route to 1.0772 (10-d MA).