27 Jan 2015
EUR/USD deflates from peaks
FXStreet (Edinburgh) - The shared currency is back to sub-1.1300 levels on Tuesday, with EUR/USD coming back from weekly highs near 1.1350.
EUR/USD digested SNB rumours
The pair has faded the spike to the mid-1.1300s following the appreciations by SNB’s Danthine indicating that the Swiss central bank stays ready to intervene in the FX markets as it sees convenient. Without data in the euro area today, market participants will turn their focus on the US calendar, where Durable Goods Orders and the Consumer Confidence will be the main highlights and thus potential drivers for the pair’s price action.
EUR/USD key levels
At the moment the pair is advancing 0.25% at 1.1291 and a breakout of 1.1358 (100-h MA) would open the door to 1.1376 (high Jan.23) and finally 1.1389 (50% of 1.1680-1.1098). On the flip side, the immediate support lines up at 1.1224 (hourly low Jan.27) ahead of 1.1098 (11-year low Jans.26) and then 1.1047 (low Sep.8 2003).
EUR/USD digested SNB rumours
The pair has faded the spike to the mid-1.1300s following the appreciations by SNB’s Danthine indicating that the Swiss central bank stays ready to intervene in the FX markets as it sees convenient. Without data in the euro area today, market participants will turn their focus on the US calendar, where Durable Goods Orders and the Consumer Confidence will be the main highlights and thus potential drivers for the pair’s price action.
EUR/USD key levels
At the moment the pair is advancing 0.25% at 1.1291 and a breakout of 1.1358 (100-h MA) would open the door to 1.1376 (high Jan.23) and finally 1.1389 (50% of 1.1680-1.1098). On the flip side, the immediate support lines up at 1.1224 (hourly low Jan.27) ahead of 1.1098 (11-year low Jans.26) and then 1.1047 (low Sep.8 2003).