7 Apr 2015
EUR/USD keeps falling, approaches 1.0800
FXStreet (Córdoba) - The euro dropped further against the US dollar and printed a fresh daily low at 1.0813, reaching the lowest price since April 2. EUR/USD remains below 1.0840 under pressure.
EUR/USD losses 100 pips
From daily highs the pair is trading a hundred pips lower, headed toward the second daily loss in a row. The euro was unable to rise despite improving numbers from the final reading of the Markit Service PMI of the Eurozone and a higher-than-expected reading of the Producer Price Index.
Closer to 1.0800
From yesterday’s highs the pair has fallen more than 200 pips approaching 1.0800, where the next key short term support lies; below the next level could be located at 1.0705/10 (Mar 31 low). On the opposite direction, resistance might lie at 1.0835, 1.0905 and 1.0960 (daily high).
EUR/USD losses 100 pips
From daily highs the pair is trading a hundred pips lower, headed toward the second daily loss in a row. The euro was unable to rise despite improving numbers from the final reading of the Markit Service PMI of the Eurozone and a higher-than-expected reading of the Producer Price Index.
Closer to 1.0800
From yesterday’s highs the pair has fallen more than 200 pips approaching 1.0800, where the next key short term support lies; below the next level could be located at 1.0705/10 (Mar 31 low). On the opposite direction, resistance might lie at 1.0835, 1.0905 and 1.0960 (daily high).