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12 Mar 2015
EUR/USD regains 1.0600 and beyond
FXStreet (Edinburgh) - The shared currency keeps pushing higher on Thursday, now lifting EUR/USD to fresh intraday highs around 1.0650.
EUR/USD rebounds from sub-1.05
The pair briefly touched new 12-year lows near 1.0490 during the Asian session, although a profit taking sentiment around the greenback quickly gained traction afterwards and is now allowing the current bull run to extend near 1.0650 so far.
Final consumer prices in France came in higher than expected while inflation in Spain matched the preliminary figures. Ahead in the day, EMU’s Industrial Production and the speech by BuBa’s J.Weidmann will be in the limelight.
EUR/USD key levels
As of writing the pair is advancing 0.85% at 1.0639 with the next hurdle at 1.0718 (high Mar.11) followed by 1.0757 (100-h MA) and then 1.0855 (high Mar.10). On the downside, a breach of 1.0494 (12-year low Mar.12) would expose 1.0335 (2003 low Jan.2) and finally 1.0207 (low Dec.19 2002).
EUR/USD rebounds from sub-1.05
The pair briefly touched new 12-year lows near 1.0490 during the Asian session, although a profit taking sentiment around the greenback quickly gained traction afterwards and is now allowing the current bull run to extend near 1.0650 so far.
Final consumer prices in France came in higher than expected while inflation in Spain matched the preliminary figures. Ahead in the day, EMU’s Industrial Production and the speech by BuBa’s J.Weidmann will be in the limelight.
EUR/USD key levels
As of writing the pair is advancing 0.85% at 1.0639 with the next hurdle at 1.0718 (high Mar.11) followed by 1.0757 (100-h MA) and then 1.0855 (high Mar.10). On the downside, a breach of 1.0494 (12-year low Mar.12) would expose 1.0335 (2003 low Jan.2) and finally 1.0207 (low Dec.19 2002).