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Trading news
21 Apr 2015
EUR/USD dips to lows near 1.0700
FXStreet (Edinburgh) - The single currency is extending its offered tone on Tuesday, taking EUR/USD to the area of session lows in the vicinity of 1.0700 the figure.
EUR/USD focus on ZEW
The pair continues to trade on the defensive camp in the first half of the week, as Greek woes remains the more relevant issue behind the current EUR-weakness. Ahead in the session, consensus expects the ZEW Survey in both Germany and Euroland to have improved during April, giving some support to the European currency and adding to the incipient recovery in the region.
There are no data releases across the pond, leaving the price action entirely to the mercy of the risk appetite trends.
EUR/USD levels to consider
The pair is now losing 0.26% at 1.0709 and a breakdown of 1.0685 (Tenkan Sen) would open the door to 1.0680 (200-h MA) and finally 1.0678 (10-d MA). On the flip side, the initial hurdle aligns at 1.0789 (21-d MA) followed by 1.0825 (high Apr.20) and then 1.0849 (high Apr.17).
EUR/USD focus on ZEW
The pair continues to trade on the defensive camp in the first half of the week, as Greek woes remains the more relevant issue behind the current EUR-weakness. Ahead in the session, consensus expects the ZEW Survey in both Germany and Euroland to have improved during April, giving some support to the European currency and adding to the incipient recovery in the region.
There are no data releases across the pond, leaving the price action entirely to the mercy of the risk appetite trends.
EUR/USD levels to consider
The pair is now losing 0.26% at 1.0709 and a breakdown of 1.0685 (Tenkan Sen) would open the door to 1.0680 (200-h MA) and finally 1.0678 (10-d MA). On the flip side, the initial hurdle aligns at 1.0789 (21-d MA) followed by 1.0825 (high Apr.20) and then 1.0849 (high Apr.17).