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14 May 2015
EUR/USD advances further, 1.1450 on sight
FXStreet (Edinburgh) - The common currency is now picking up further pace, lifting EUR/USD to fresh highs in the vicinity of 1.1450.
EUR/USD only looks up
The pair remains on track to first test the mid-1.1400s and then the critical 1.1500 handle amidst an increasing selling interest which keeps punishing the greenback. Apart from USD-weakness, the pair is deriving support from another sell off in the debt markets, with yields in German Bunds extending its upside momentum.
Ahead in the day, US Initial Claims and Producer Prices are due, with market consensus expecting Claims at 275K and prices to have advanced 0.2% from March to April.
EUR/USD levels to consider
At the moment the pair is advancing 0.73% at 1.1437 with the initial hurdle at 1.1450 (high Feb.17) ahead of 1.1486 (high Feb.6) and then 1.1500 (psychological level). On the downside, a break below 1.1341 (low May 14) would aim for 1.1250 (10-d MA) and finally 1.1202 (low May 13).
EUR/USD only looks up
The pair remains on track to first test the mid-1.1400s and then the critical 1.1500 handle amidst an increasing selling interest which keeps punishing the greenback. Apart from USD-weakness, the pair is deriving support from another sell off in the debt markets, with yields in German Bunds extending its upside momentum.
Ahead in the day, US Initial Claims and Producer Prices are due, with market consensus expecting Claims at 275K and prices to have advanced 0.2% from March to April.
EUR/USD levels to consider
At the moment the pair is advancing 0.73% at 1.1437 with the initial hurdle at 1.1450 (high Feb.17) ahead of 1.1486 (high Feb.6) and then 1.1500 (psychological level). On the downside, a break below 1.1341 (low May 14) would aim for 1.1250 (10-d MA) and finally 1.1202 (low May 13).