5 Jun 2015
EUR/USD regains 1.1100
FXStreet (Edinburgh) - After an ephemeral adventure to the mid-1.1000s, EUR/USD is now picking up pace and retaking the area of 1.1100 the figure.
EUR/USD drop limited around 1.1050
Far from the positive ground today, spot is looking to extend the recovery from session lows however, after the NFP-induced slump sent the euro to 3-day lows vs. the greenback.
The deteriorated situation around the EU-Greece debt talks has been momentarily relegated to the driver’s seat, while market participants keep digesting the recent Payrolls figures and mulling the idea that a Fed’s rate hike later this year remains ‘on the table’.
EUR/USD levels to watch
As of writing the pair is losing 1.06% at 1.1118 and a breakdown of 1.1049 (low Jun.5) would open the door to 1.1000 (psychological level) and finally 1.0918 (low Jun.2). On the other hand, the immediate hurdle aligns at 1.1281 (high Jun.5) ahead of 1.1383 (high May 13) and then 1.1400 (psychological level).
EUR/USD drop limited around 1.1050
Far from the positive ground today, spot is looking to extend the recovery from session lows however, after the NFP-induced slump sent the euro to 3-day lows vs. the greenback.
The deteriorated situation around the EU-Greece debt talks has been momentarily relegated to the driver’s seat, while market participants keep digesting the recent Payrolls figures and mulling the idea that a Fed’s rate hike later this year remains ‘on the table’.
EUR/USD levels to watch
As of writing the pair is losing 1.06% at 1.1118 and a breakdown of 1.1049 (low Jun.5) would open the door to 1.1000 (psychological level) and finally 1.0918 (low Jun.2). On the other hand, the immediate hurdle aligns at 1.1281 (high Jun.5) ahead of 1.1383 (high May 13) and then 1.1400 (psychological level).