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20 Aug 2015
EUR/USD resumes the upside, eyes on 1.1180
FXStreet (Edinburgh) - The European currency keeps pushing higher on Thursday, now sending EUR/USD to the upper bound of the daily range around 1.1160/65.
EUR/USD closer to 1.1200
Spot remains on its way to challenge last week’s tops above the critical 1.1200 handle amidst a generalized softer tone around the US dollar. The pair gained further upside momentum after the FOMC minutes on Wednesday have failed to shed further detail on the timing of the first rate hike by the Fed.
Next on tap in the US docket will be Initial Claims (272K exp.) followed by Existing Home Sales (5.44M exp.) and the Phily Fed manufacturing surey.
EUR/USD levels to watch
As of writing the pair is up 0.35% at 1.1161 with the next resistance at 1.1172 (high Aug.20) followed by 1.1190 (high Aug.13) and finally 1.1215 (high Aug.12). On the flip side, a breach of 1.1114 (low Aug.20) would aim for 1.1017 (low Aug.18) and then 1.0961 (low Aug.11).
EUR/USD closer to 1.1200
Spot remains on its way to challenge last week’s tops above the critical 1.1200 handle amidst a generalized softer tone around the US dollar. The pair gained further upside momentum after the FOMC minutes on Wednesday have failed to shed further detail on the timing of the first rate hike by the Fed.
Next on tap in the US docket will be Initial Claims (272K exp.) followed by Existing Home Sales (5.44M exp.) and the Phily Fed manufacturing surey.
EUR/USD levels to watch
As of writing the pair is up 0.35% at 1.1161 with the next resistance at 1.1172 (high Aug.20) followed by 1.1190 (high Aug.13) and finally 1.1215 (high Aug.12). On the flip side, a breach of 1.1114 (low Aug.20) would aim for 1.1017 (low Aug.18) and then 1.0961 (low Aug.11).