11 Aug 2015
EUR/USD deflates to 1.1030
FXStreet (Edinburgh) - The common currency has left the area of session tops near 1.1100 the figure vs. the greenback, dragging EUR/USD back to the 1.1035/30 region.
EUR/USD capped by 1.1100 so far
The pair has managed to recover more than a big-figure after the overnight drop following the announcements by the PBoC. However, sellers have stepped in around the 1.1100 handle, prompting spot to recede some ground to the 1.1035/30 region.
In the data space, mixed results from the ZEW Survey in the euro area and Germany during August have lent some support to the euro during the European morning. In the same direction, news that Greece has almost secured a third bailout package has collaborated with the upbeat tone around EUR as well.
EUR/USD key levels
As of writing the pair is advancing 0.14% at 1.1034 with the next hurdle at 1.1089 (high Aug.11) ahead of 1.1113 (high Jul.31) and then 1.1129 (high Jul.27). On the downside, a break below 1.0961 (low Aug.11) would target 1.0855 (low Aug.7) en route to 1.0848 (low Aug.5).
EUR/USD capped by 1.1100 so far
The pair has managed to recover more than a big-figure after the overnight drop following the announcements by the PBoC. However, sellers have stepped in around the 1.1100 handle, prompting spot to recede some ground to the 1.1035/30 region.
In the data space, mixed results from the ZEW Survey in the euro area and Germany during August have lent some support to the euro during the European morning. In the same direction, news that Greece has almost secured a third bailout package has collaborated with the upbeat tone around EUR as well.
EUR/USD key levels
As of writing the pair is advancing 0.14% at 1.1034 with the next hurdle at 1.1089 (high Aug.11) ahead of 1.1113 (high Jul.31) and then 1.1129 (high Jul.27). On the downside, a break below 1.0961 (low Aug.11) would target 1.0855 (low Aug.7) en route to 1.0848 (low Aug.5).