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29 Jul 2015
EUR/USD in lows ahead of European open
FXStreet (Edinburgh) - The shared currency is accelerating its downside vs. the greenback on Wednesday, with EUR/USD testing lows in the 1.1050 area.
EUR/USD capped by 1.1080, FOMC eyed
The pair has surrendered initial gains after a positive star in the risk-associated universe during Asian trading hours. However, the bullish momentum seemed to have lost vigour around 1.1080, sparking the current correction lower to the mid-1.10s.
Data wise in the region, German Consumer Confidence Survey tracked by Gfk came in unchanged at 10.1 for the current month. Across the Atlantic, the key FOMC meeting is also due this evening.
EUR/USD levels to watch
As of writing pair is losing 0.08% at 1.1053 and a breakdown of 1.1022 (low Jul.28) would target 1.0969 (low Jul.27) en route to 1.0931 (low Jul.24). On the flip side, the next up barrier aligns at 1.1129 (high Jul.27) ahead of 1.1197 (high Jul.13) and finally 1.1215 (high Jul.10).
EUR/USD capped by 1.1080, FOMC eyed
The pair has surrendered initial gains after a positive star in the risk-associated universe during Asian trading hours. However, the bullish momentum seemed to have lost vigour around 1.1080, sparking the current correction lower to the mid-1.10s.
Data wise in the region, German Consumer Confidence Survey tracked by Gfk came in unchanged at 10.1 for the current month. Across the Atlantic, the key FOMC meeting is also due this evening.
EUR/USD levels to watch
As of writing pair is losing 0.08% at 1.1053 and a breakdown of 1.1022 (low Jul.28) would target 1.0969 (low Jul.27) en route to 1.0931 (low Jul.24). On the flip side, the next up barrier aligns at 1.1129 (high Jul.27) ahead of 1.1197 (high Jul.13) and finally 1.1215 (high Jul.10).