26 Mar 2015
EUR/USD rises above 1.10
FXStreet (Mumbai) - The USD is once again being sold in the early European session, taking the EUR/USD pair above 1.1 levels.
Will it sustain above 1.10
The pair is back above 1.10 for the third time this week. However, it remains to be seen if the pair manages to sustain above the same. On past two occasions the USD was able to make a comeback thereby pushing the pair back below 1.10 levels.
The real test would come during the US session in the form of weekly jobless claims data and services PMI data in the US.
EUR/USD Technical Levels
The immediate resistance is seen at 1.1030, above which gains could be extended to 1.11. On the flip side, a break below 1.10 could push the pair down to 1.0960.
Will it sustain above 1.10
The pair is back above 1.10 for the third time this week. However, it remains to be seen if the pair manages to sustain above the same. On past two occasions the USD was able to make a comeback thereby pushing the pair back below 1.10 levels.
The real test would come during the US session in the form of weekly jobless claims data and services PMI data in the US.
EUR/USD Technical Levels
The immediate resistance is seen at 1.1030, above which gains could be extended to 1.11. On the flip side, a break below 1.10 could push the pair down to 1.0960.