31 Jul 2015
EUR/USD retreats from 1.0990
FXStreet (Edinburgh) - After climbing as high as the 1.0990 area, EUR/USD is now deflating to the 1.0970/65 band.
EUR/USD firmer, USD offered
Month-end flows continue to hurt the greenback during the European session, with spot gaining further ground and looking to consolidate in the upper-1.09s ahead of the weekend. Positive readings from EMU’s inflation figures keep propping up today’s upbeat momentum around EUR.
Next on tap will be July’s Consumer Sentiment tracked by the Reuters/Michigan index, expected at 94.0 and the Employment Cost Index, seen at 0.6% during Q2.
EUR/USD key levels
At the moment the pair is up 0.30% at 1.0965 with the next resistance at 1.0991 (high Jul.30) followed by 1.1080 (high Jul.29) and finally 1.1130 (high Jul.27). On the downside, a breach of 1.0920 (low Jul.31) would aim for 1.0869 (low Jul.22) en route to 1.0811 (low Jul.21).
EUR/USD firmer, USD offered
Month-end flows continue to hurt the greenback during the European session, with spot gaining further ground and looking to consolidate in the upper-1.09s ahead of the weekend. Positive readings from EMU’s inflation figures keep propping up today’s upbeat momentum around EUR.
Next on tap will be July’s Consumer Sentiment tracked by the Reuters/Michigan index, expected at 94.0 and the Employment Cost Index, seen at 0.6% during Q2.
EUR/USD key levels
At the moment the pair is up 0.30% at 1.0965 with the next resistance at 1.0991 (high Jul.30) followed by 1.1080 (high Jul.29) and finally 1.1130 (high Jul.27). On the downside, a breach of 1.0920 (low Jul.31) would aim for 1.0869 (low Jul.22) en route to 1.0811 (low Jul.21).