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21 May 2015
EUR/USD in highs near 1.1180
FXStreet (Edinburgh) - The shared currency is now picking up pace again vs. the dollar, with EUR/USD testing the upper band of the range at 1.1175/80.
EUR/USD stronger after data, eyes on Riga
The risk appetite continues to gather traction on Thursday, now pushing spot to test session highs in the vicinity of 1.1180 ahead of the EU Leaders Summit, which kicks in today in Riga and has the Greek situation in the agenda.
In the data front, flash manufacturing and services PMIs in Euroland came in mixed, with German readings disappointing expectations. Ahead in the session, the ECB Accounts are due next followed by EMU’s Consumer Sentiment and Draghi’s speech.
EUR/USD levels to consider
As of writing the pair is up 0.65% at 1.1166 and a breakout of 1.1217 (38.2% of 1.1468-1.1062) would open the door to 1.1247 (10-d MA) and then 1.12300 (psychological level). On the flip side, the immediate support lines up at 1.1080 (low May 21) followed by 1.1062 (low May 20) and finally 1.0994 (50% of 1.0521-1.1468).
EUR/USD stronger after data, eyes on Riga
The risk appetite continues to gather traction on Thursday, now pushing spot to test session highs in the vicinity of 1.1180 ahead of the EU Leaders Summit, which kicks in today in Riga and has the Greek situation in the agenda.
In the data front, flash manufacturing and services PMIs in Euroland came in mixed, with German readings disappointing expectations. Ahead in the session, the ECB Accounts are due next followed by EMU’s Consumer Sentiment and Draghi’s speech.
EUR/USD levels to consider
As of writing the pair is up 0.65% at 1.1166 and a breakout of 1.1217 (38.2% of 1.1468-1.1062) would open the door to 1.1247 (10-d MA) and then 1.12300 (psychological level). On the flip side, the immediate support lines up at 1.1080 (low May 21) followed by 1.1062 (low May 20) and finally 1.0994 (50% of 1.0521-1.1468).