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22 Apr 2015
EUR/USD treading water around 1.0730
FXStreet (Edinburgh) - The common currency is now posting an even session vs. the US dollar, with EUR/USD sidelining around 1.0730/35.
EUR/USD focus on PMIs
The pair faded the earlier spike to the 1.0800 neighbourhood on Wednesday, triggering a correction lower to the current region, where is now looking to consolidate.
Looking to Thursday’s docket in Euroland, the main highlights will come from the flash gauges of the manufacturing and services PMIs followed by New Home Sales and Markit’s manufacturing PMI in the US economy.
EUR/USD key levels
At the moment the pair is losing 0.01% at 1.0734 with the next support at 1.0660 (low Apr.21) followed by 1.0646 (61.8% of 1.0521-1.0849) and then 1.0624 (low Apr.16). On the upside, a surpass of 1.0802 (high Apr.22) would target 1.0825 (high Apr.20) en route to 1.0849 (high Apr.17).
EUR/USD focus on PMIs
The pair faded the earlier spike to the 1.0800 neighbourhood on Wednesday, triggering a correction lower to the current region, where is now looking to consolidate.
Looking to Thursday’s docket in Euroland, the main highlights will come from the flash gauges of the manufacturing and services PMIs followed by New Home Sales and Markit’s manufacturing PMI in the US economy.
EUR/USD key levels
At the moment the pair is losing 0.01% at 1.0734 with the next support at 1.0660 (low Apr.21) followed by 1.0646 (61.8% of 1.0521-1.0849) and then 1.0624 (low Apr.16). On the upside, a surpass of 1.0802 (high Apr.22) would target 1.0825 (high Apr.20) en route to 1.0849 (high Apr.17).