6 Apr 2015
EUR/USD stuck around 1.0980
FXStreet (Edinburgh) - The European currency remains in a congestion pattern vs. the greenback, with EUR/USD navigating around 1.0980/90 so far.
EUR/USD attention to US data
Tight ranges, low volume and flat volatility remain intact today, as almost all European markets are close due to Easter Monday holiday. The focus instead will be on the US docket, which has grown in relevance following the last FOMC meeting in mid-March and the poor figures from March Non-farm Payrolls.
Next on tap will be Markit’s Services PMI, followed by the ISM Non Manufacturing and then the Labor Market Conditions Index.
EUR/USD key levels
At the moment the pair is advancing 0.02% at 1.0981 and a breakout of 1.1019 (high Apr.6) would open the door to 1.1052 (high Mar.26) and finally 1.1062 (high Mar.18). On the other hand, the immediate support lines up at 1.0867 (low Apr.3) followed by 1.0766 (low Apr.2) and then 1.0718 (low Apr.1).
EUR/USD attention to US data
Tight ranges, low volume and flat volatility remain intact today, as almost all European markets are close due to Easter Monday holiday. The focus instead will be on the US docket, which has grown in relevance following the last FOMC meeting in mid-March and the poor figures from March Non-farm Payrolls.
Next on tap will be Markit’s Services PMI, followed by the ISM Non Manufacturing and then the Labor Market Conditions Index.
EUR/USD key levels
At the moment the pair is advancing 0.02% at 1.0981 and a breakout of 1.1019 (high Apr.6) would open the door to 1.1052 (high Mar.26) and finally 1.1062 (high Mar.18). On the other hand, the immediate support lines up at 1.0867 (low Apr.3) followed by 1.0766 (low Apr.2) and then 1.0718 (low Apr.1).