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15 Apr 2015
EUR/USD below 1.07 on Beige Book
FXStreet (Edinburgh) - The European currency is now shedding some daily gains vs. the greenback, sending EUR/USD back to the 1.0680 region.
EUR/USD capped by 1.0700
Sellers seem to have clustered around the 1.0700 barrier today, rejecting the pair to the 1.0680/85 area amidst a renewed offered tone around the dollar. In the meantime, the Fed published its Beige Book, stating that the economy expanded in most regions, although the winter weather seems to have affected the housing sector in some districts. In addition, labour markets remained stable and some showed improvements, while investment activity in the oil sector eased.
EUR/USD key levels
The pair is now advancing 0.29% at 1.0687 with the next hurdle at 1.0708 (high Apr.14) ahead of 1.0713 (low Mar.31) and then 1.0763 (10-d MA). On the downside, a break below 1.0521 (low Apr.13) would open the door to 1.0457 (2015 low Mar.18) and finally 1.0360 (low Jan.8 2003).
EUR/USD capped by 1.0700
Sellers seem to have clustered around the 1.0700 barrier today, rejecting the pair to the 1.0680/85 area amidst a renewed offered tone around the dollar. In the meantime, the Fed published its Beige Book, stating that the economy expanded in most regions, although the winter weather seems to have affected the housing sector in some districts. In addition, labour markets remained stable and some showed improvements, while investment activity in the oil sector eased.
EUR/USD key levels
The pair is now advancing 0.29% at 1.0687 with the next hurdle at 1.0708 (high Apr.14) ahead of 1.0713 (low Mar.31) and then 1.0763 (10-d MA). On the downside, a break below 1.0521 (low Apr.13) would open the door to 1.0457 (2015 low Mar.18) and finally 1.0360 (low Jan.8 2003).