18 Aug 2015
EUR/USD keeps lows near 1.1020
FXStreet (Edinburgh) - The selling mood remains intact around the single currency on Tuesday, with EUR/USD navigating session troughs in the low-1.1000s.
EUR/USD cautious ahead of FOMC minutes
The pair has fully faded the earlier spike to the boundaries of 1.1100 the figure, in a context where the demand for the US dollar persists ahead of tomorrow’s FOMC minutes.
Auspicious releases in the US housing sector for the month of July – including a multi-year high in Housing Starts – have given extra oxygen to the greenback and relegated spot to trade in the lower bound of the daily range.
EUR/USD levels to watch
As of writing the pair is retreating 0.41% at 1.1032 and a breakdown of 1.1017 (low Aug.18) would aim for 1.0961 (low Aug.11) and finally 1.0925 (low Aug.10). On the upside, the initial hurdle aligns at 1.1095 (high Aug.18) followed by 1.1190 (high Aug.13) and finally 1.1215 (high Aug.12).
EUR/USD cautious ahead of FOMC minutes
The pair has fully faded the earlier spike to the boundaries of 1.1100 the figure, in a context where the demand for the US dollar persists ahead of tomorrow’s FOMC minutes.
Auspicious releases in the US housing sector for the month of July – including a multi-year high in Housing Starts – have given extra oxygen to the greenback and relegated spot to trade in the lower bound of the daily range.
EUR/USD levels to watch
As of writing the pair is retreating 0.41% at 1.1032 and a breakdown of 1.1017 (low Aug.18) would aim for 1.0961 (low Aug.11) and finally 1.0925 (low Aug.10). On the upside, the initial hurdle aligns at 1.1095 (high Aug.18) followed by 1.1190 (high Aug.13) and finally 1.1215 (high Aug.12).