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4 Feb 2015
EUR/USD grinding lower to 1.1430
FXStreet (Edinburgh) - EUR/USD continues to give away part of Tuesday’s gains, now returning to the area of 1.1430, or session lows.
EUR/USD focus on US calendar
Spot has already retraced over a big-figure since yesterday’s tops around the mid-1.1500s, as the quasi-euphoria induced by the Greek news continues to ease and the buying interest around the US dollar seems to emerge once again.
The pair remained indifferent after the ADP Employment Report in the US economy missed previous estimates during January, and paid practically no attention to the improvement in the Services sector in the euro area, tracked by this morning’s PMIs.
EUR/USD key levels
At the moment the pair is losing 0.46% at 1.1429 facing the next support at 1.1400 (psychological level) ahead of 1.1312 (hourly low Feb.3) and then 1.1280 (low Feb.2). On the upside, the next hurdle lines up at 1.1535 (high Feb.3) ahead of 1.1551 (21-d MA) and then 1.1652 (high Jan.22).
EUR/USD focus on US calendar
Spot has already retraced over a big-figure since yesterday’s tops around the mid-1.1500s, as the quasi-euphoria induced by the Greek news continues to ease and the buying interest around the US dollar seems to emerge once again.
The pair remained indifferent after the ADP Employment Report in the US economy missed previous estimates during January, and paid practically no attention to the improvement in the Services sector in the euro area, tracked by this morning’s PMIs.
EUR/USD key levels
At the moment the pair is losing 0.46% at 1.1429 facing the next support at 1.1400 (psychological level) ahead of 1.1312 (hourly low Feb.3) and then 1.1280 (low Feb.2). On the upside, the next hurdle lines up at 1.1535 (high Feb.3) ahead of 1.1551 (21-d MA) and then 1.1652 (high Jan.22).