26 May 2015
EUR/USD around 1.0900, US data eyed
FXStreet (Edinburgh) - EUR/USD is clinging to the 1.0900 handle on Tuesday ahead of further US data releases.
EUR/USD supported near 1.0880
The pair broke below the 1.0900 mark for the first time since late April, although it later managed to regain the 1.0900 handle and is currently keeping the trade around that level.
In the meantime, the dollar continues to gather steam sustained by auspicious results from today’s US Durable Goods Orders and the S&P/Case-Shiller index. Recent data showed that flash Markit’s Service PMI came in at 56.4 for the month of May, missing estimates at 56.8.
EUR/USD levels to consider
As of writing the pair is down 0.56% at 1.0915 with the immediate support at 1.0885 (low May 26) ahead of 1.0860 (low Apr.28) and then 1.0785 (low Apr.24). On the other hand a breakout of 1.0984 (high May 26) would target 1.1062 (low May 20) en route to 1.1208 (high May 22).
EUR/USD supported near 1.0880
The pair broke below the 1.0900 mark for the first time since late April, although it later managed to regain the 1.0900 handle and is currently keeping the trade around that level.
In the meantime, the dollar continues to gather steam sustained by auspicious results from today’s US Durable Goods Orders and the S&P/Case-Shiller index. Recent data showed that flash Markit’s Service PMI came in at 56.4 for the month of May, missing estimates at 56.8.
EUR/USD levels to consider
As of writing the pair is down 0.56% at 1.0915 with the immediate support at 1.0885 (low May 26) ahead of 1.0860 (low Apr.28) and then 1.0785 (low Apr.24). On the other hand a breakout of 1.0984 (high May 26) would target 1.1062 (low May 20) en route to 1.1208 (high May 22).