8 Jun 2015
EUR/USD tests 1.1170
FXStreet (Edinburgh) - The shared currency attempted a bull run to the 1.1170 area vs. the greenback on Monday following appreciations by US President B.Obama.
EUR/USD turns positive on comments
The pair left the area of session lows at the beginning of the week and climbed to the 1.1170 region after President B.Obama argued that the USD strength could be a problem. A logical knee-jerk in the greenback soon followed and is now allowing spot to regain levels above the 1.1100 mark.
Nothing of note in the data front in Euroland, with the exception of the investor confidence tracked by the Sentix index, expected at 18.7 for the month of June.
EUR/USD levels to watch
The pair is now advancing 0.30% at 1.1148 with the next hurdle at 1.1281 (high Jun.5) ahead of 1.1383 (high May 13) and then 1.1400 (psychological level). On the downside, a breach of 1.1084 (low Jun.8) would open the door to 1.1049 (low Jun.5) and finally 1.0918 (low Jun.2).
EUR/USD turns positive on comments
The pair left the area of session lows at the beginning of the week and climbed to the 1.1170 region after President B.Obama argued that the USD strength could be a problem. A logical knee-jerk in the greenback soon followed and is now allowing spot to regain levels above the 1.1100 mark.
Nothing of note in the data front in Euroland, with the exception of the investor confidence tracked by the Sentix index, expected at 18.7 for the month of June.
EUR/USD levels to watch
The pair is now advancing 0.30% at 1.1148 with the next hurdle at 1.1281 (high Jun.5) ahead of 1.1383 (high May 13) and then 1.1400 (psychological level). On the downside, a breach of 1.1084 (low Jun.8) would open the door to 1.1049 (low Jun.5) and finally 1.0918 (low Jun.2).