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23 Apr 2015
EUR/USD hovers over 1.0700
FXStreet (Edinburgh) - The single currency is posting marginal losses vs. the greenback before the opening bell in Euroland, taking EUR/USD to the boundaries of 1.0700 the figure.
EUR/USD focus on PMIs
Greece woes continue to be the main drag on the common currency so far, while market participants keep eyeing the Eurogroup meeting tomorrow. In the shorter term, the flash readings of the manufacturing and services PMIs for the month of April will be the main highlights in the euro area today, looking to extend the recent upbeat performance.
Across the pond, the weekly report on the US labour market, New Home Sales and Markit’s manufacturing PMI will be in the limelight.
EUR/USD levels to watch
At the moment the pair is losing 0.18% at 1.0705 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 1.0787 (Kijun Sen) would target 1.0801 (high Apr.22) en route to 1.0825 (high Apr.20).
EUR/USD focus on PMIs
Greece woes continue to be the main drag on the common currency so far, while market participants keep eyeing the Eurogroup meeting tomorrow. In the shorter term, the flash readings of the manufacturing and services PMIs for the month of April will be the main highlights in the euro area today, looking to extend the recent upbeat performance.
Across the pond, the weekly report on the US labour market, New Home Sales and Markit’s manufacturing PMI will be in the limelight.
EUR/USD levels to watch
At the moment the pair is losing 0.18% at 1.0705 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 1.0787 (Kijun Sen) would target 1.0801 (high Apr.22) en route to 1.0825 (high Apr.20).