9 Mar 2015
EUR/USD capped by 1.0900
FXStreet (Edinburgh) - The shared currency keeps its initial gains on Monday, although EUR/USD seems to have found a tough barrier around 1.0900.
EUR/USD unresponsive post-Sentix
The pair kept the range despite the Investor Confidence tracked by the Sentix index surprised to the upside for the current month to 18.6, surpassing both consensus and February’s print at 15.0 and 12.4, respectively.
The greenback seems to be taking a breather at the beginning of the week following the recent strong gains, allowing the current rebound in the risk-associated universe and pushing spot back to the boundaries of 1.0900.
EUR/USD key levels
As of writing the pair is advancing 0.25% at 1.0877 and a breakout of 1.0900 (psychological level) would expose 1.1033 (high Mar.6) and then 1.1041 (100-h MA). On the flipside, the initial support aligns at 1.0809 (low Sep.4 2003) ahead of 1.0800 (psychological level) and then 1.0762 (low Sep.3 2003).
EUR/USD unresponsive post-Sentix
The pair kept the range despite the Investor Confidence tracked by the Sentix index surprised to the upside for the current month to 18.6, surpassing both consensus and February’s print at 15.0 and 12.4, respectively.
The greenback seems to be taking a breather at the beginning of the week following the recent strong gains, allowing the current rebound in the risk-associated universe and pushing spot back to the boundaries of 1.0900.
EUR/USD key levels
As of writing the pair is advancing 0.25% at 1.0877 and a breakout of 1.0900 (psychological level) would expose 1.1033 (high Mar.6) and then 1.1041 (100-h MA). On the flipside, the initial support aligns at 1.0809 (low Sep.4 2003) ahead of 1.0800 (psychological level) and then 1.0762 (low Sep.3 2003).