28 Apr 2015
EUR/USD off highs, around 1.0930
FXStreet (Edinburgh) - After reaching fresh multi-week tops in the vicinity of 1.0950, EUR/USD is now giving away some pips and returning to the 1.0930 area.
EUR/USD upbeat on Greece, focus on US data
The renewed upbeat sentiment regarding a EU-Greece deal keeps feeding EUR-bulls today, while the continuation of the leg lower in the US dollar is collaborating with the pair’s upside to visit fresh 3-week peaks in the mid-1.0900s so far.
In the data space, the S&P/Case-Shiller index surprised investors to the upside, advancing 5% on a year to February vs. prior surveys at 4.7% and March’s reading at 4.6%. Next on tap will be the Consumer Confidence gauge, expected to improve to 102.5 for the current month.
EUR/USD levels to consider
At the moment the pair is advancing 0.34% at 1.0928 with the next resistance at 1.0951 (high Apr.28) ahead of 1.1036 (high Apr.6) and finally 1.1062 (high Mar.18). On the downside, a breach of 1.0860 (low Apr.28) would target 1.0819 (low Apr.27) en route to 1.0789 (low Apr.24).
EUR/USD upbeat on Greece, focus on US data
The renewed upbeat sentiment regarding a EU-Greece deal keeps feeding EUR-bulls today, while the continuation of the leg lower in the US dollar is collaborating with the pair’s upside to visit fresh 3-week peaks in the mid-1.0900s so far.
In the data space, the S&P/Case-Shiller index surprised investors to the upside, advancing 5% on a year to February vs. prior surveys at 4.7% and March’s reading at 4.6%. Next on tap will be the Consumer Confidence gauge, expected to improve to 102.5 for the current month.
EUR/USD levels to consider
At the moment the pair is advancing 0.34% at 1.0928 with the next resistance at 1.0951 (high Apr.28) ahead of 1.1036 (high Apr.6) and finally 1.1062 (high Mar.18). On the downside, a breach of 1.0860 (low Apr.28) would target 1.0819 (low Apr.27) en route to 1.0789 (low Apr.24).