9 May 2016
EUR/USD stays near 1.14 ahead of Sentix
The common currency is trading almost unchanged vs. its American peer at the beginning of the week, with EURUSD currently gyrating around 1.14 the figure.
EUR/USD attention to Sentix
The pair has found overnight support in the 1.1380 area following a continuation of the dollar’s upside while Asian markets have quickly digested last Friday’s Payrolls figures.
Anyway, spot seems to have stabilized around the 1.1400 area after last week’s fresh YTD tops at 1.1615, all amidst scarce volatility and a renewed sentiment towards the greenback.
In the data space, EMU’s Sentix index is due later followed by the Fed’s Labor Market Conditions Index and speeches by FOMC’s Evans and Kashkari.
EUR/USD levels to watch
The pair is now up 0.09 at 1.1414 and a break above 1.1615 (2016 high May 3) would open the door to 1.1713 (high Aug.24 2015) and finally 1.2110 (2015 high Jan.2). On the other hand, the immediate support lines up at 1.1357 (20-day sma) followed by 1.1243 (55-day sma) and finally 1.1213 (low Apr.25).
EUR/USD attention to Sentix
The pair has found overnight support in the 1.1380 area following a continuation of the dollar’s upside while Asian markets have quickly digested last Friday’s Payrolls figures.
Anyway, spot seems to have stabilized around the 1.1400 area after last week’s fresh YTD tops at 1.1615, all amidst scarce volatility and a renewed sentiment towards the greenback.
In the data space, EMU’s Sentix index is due later followed by the Fed’s Labor Market Conditions Index and speeches by FOMC’s Evans and Kashkari.
EUR/USD levels to watch
The pair is now up 0.09 at 1.1414 and a break above 1.1615 (2016 high May 3) would open the door to 1.1713 (high Aug.24 2015) and finally 1.2110 (2015 high Jan.2). On the other hand, the immediate support lines up at 1.1357 (20-day sma) followed by 1.1243 (55-day sma) and finally 1.1213 (low Apr.25).