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3 Mar 2015
EUR/USD regains 1.1200
FXStreet (Edinburgh) - The euro is now back to the positive territory vs. the US dollar, pushing EUR/USD above the 1.1200 handle again.
EUR/USD supported at 1.1160
The pair managed to claw back earlier gains after dropping to session lows in the 1.1160 neighbourhood, following a renewed offered tone in the greenback. Positive retail sales in Germany during January gave initial impulse to the euro, although the upside lacked of impetus around 1.1220, sparking the subsequent leg lower to 1.1160.
Ahead in the week, Services PMIs and Retail Sales in the euro area will precede the key ECB meeting on Thursday.
EUR/USD levels to watch
At the moment the pair is advancing 0.15% at 1.1199 and a surpass of 1.1245 (high Feb.27) would open the door to 1.1296 (10-d MA) and finally 1.1338 (21-d MA). On the downside, the next support lies at 1.1160 (low Mar.2) ahead of 1.1098 (11-year low Jan.26) and then 1.1047 (low Sep.8 2003).
EUR/USD supported at 1.1160
The pair managed to claw back earlier gains after dropping to session lows in the 1.1160 neighbourhood, following a renewed offered tone in the greenback. Positive retail sales in Germany during January gave initial impulse to the euro, although the upside lacked of impetus around 1.1220, sparking the subsequent leg lower to 1.1160.
Ahead in the week, Services PMIs and Retail Sales in the euro area will precede the key ECB meeting on Thursday.
EUR/USD levels to watch
At the moment the pair is advancing 0.15% at 1.1199 and a surpass of 1.1245 (high Feb.27) would open the door to 1.1296 (10-d MA) and finally 1.1338 (21-d MA). On the downside, the next support lies at 1.1160 (low Mar.2) ahead of 1.1098 (11-year low Jan.26) and then 1.1047 (low Sep.8 2003).