27 Apr 2015
EUR/USD extends losses to 1.0830
FXStreet (Mumbai) - The European desks continue to favor USD, thereby pushing the EUR/USD pair to a fresh session low of 1.0823.
EUR weakens as German yields resume slide
The shared currency weakened, tracking losses in the German bond yields. The 10-year German yield fell 1.7 basis points to 0.14%, after having declined from a high of 0.173% on Friday. Moreover, the Eurogroup meeting on Friday only ended up highlighting the rift between Grece and its international creditors.
Consequently, the single currency is being sold once again along with a drop in the European equities as Greece tale continues.
EUR/USD Technical Levels
At the moment, the pair is trading down by 0.40% at 1.0830. The immediate support is seen at 1.0805 (50-DMA), under which losses could be extended to 1.0766. On the flip side, a break above 1.09 could see the pair rise to 1.0940 levels.
EUR weakens as German yields resume slide
The shared currency weakened, tracking losses in the German bond yields. The 10-year German yield fell 1.7 basis points to 0.14%, after having declined from a high of 0.173% on Friday. Moreover, the Eurogroup meeting on Friday only ended up highlighting the rift between Grece and its international creditors.
Consequently, the single currency is being sold once again along with a drop in the European equities as Greece tale continues.
EUR/USD Technical Levels
At the moment, the pair is trading down by 0.40% at 1.0830. The immediate support is seen at 1.0805 (50-DMA), under which losses could be extended to 1.0766. On the flip side, a break above 1.09 could see the pair rise to 1.0940 levels.