1 May 2015
EUR/USD firm above 1.1200
FXStreet (Edinburgh) - The shared currency keeps the buoyant tone vs. the US dollar at the end of the week, with EUR/USD hovering over the mid-1.1200s so far.
EUR/USD attention to US releases
The pair extends the upside after closing the first month with gains since July 2014, against a backdrop of low volume and flat volatility in response to the Labour Day holiday in Euroland.
There are no scheduled releases in the euro area today, leaving all the action to the US publications due later, with the Reuters/Michigan index and the ISM Manufacturing as the main highlights. Market consensus expects both prints to improve for the current month to 96.0 and 52.0, respectively.
EUR/USD key levels
At the moment the pair is advancing 0.35% at 1.1264 with the next hurdle at 1.1296 (100-d MA) followed by 1.1380 (high Feb.26) and then 1.1389 (high Feb.25). On the downside, a drop below 1.1203 (low May.1) would expose 1.1125 (daily cloud top) and finally 1.1072 (low Apr.30).
EUR/USD attention to US releases
The pair extends the upside after closing the first month with gains since July 2014, against a backdrop of low volume and flat volatility in response to the Labour Day holiday in Euroland.
There are no scheduled releases in the euro area today, leaving all the action to the US publications due later, with the Reuters/Michigan index and the ISM Manufacturing as the main highlights. Market consensus expects both prints to improve for the current month to 96.0 and 52.0, respectively.
EUR/USD key levels
At the moment the pair is advancing 0.35% at 1.1264 with the next hurdle at 1.1296 (100-d MA) followed by 1.1380 (high Feb.26) and then 1.1389 (high Feb.25). On the downside, a drop below 1.1203 (low May.1) would expose 1.1125 (daily cloud top) and finally 1.1072 (low Apr.30).