Back
5 May 2015
EUR/USD capped by 1.1200
FXStreet (Edinburgh) - The recovery in the euro seems to have lost impetus in the 1.1200 neighbourhood on Tuesday, with EUR/USD now deflating to the 1.1190/85 band.
EUR/USD fimer on mixed US data
The euro managed to revert the initial negative sentiment, which dragged spot to session lows in the 1.1060 area. However, the greenback could no sustain the upside and surrendered part of the recent gains, allowing the pair to clinch the area around 1.1200 the figure.
Mixed data from the US docket saw the trade balance figures and Markit’s manufacturing PMI coming in below estimates, while the more relevant ISM Non-manufacturing surprised to the upside.
EUR/USD relevant levels
The pair is advancing 0.36% at 1.1187 with the next resistance at 1.1225 (high May 4) ahead of 1.1291 (high May 1) and then 1.1380 (high Feb.26). On the flip side, a breakdown of 1.1066 (low May 5) would aim for 1.1072 (low Apr.30) and finally 1.0959 (low Apr.29).
EUR/USD fimer on mixed US data
The euro managed to revert the initial negative sentiment, which dragged spot to session lows in the 1.1060 area. However, the greenback could no sustain the upside and surrendered part of the recent gains, allowing the pair to clinch the area around 1.1200 the figure.
Mixed data from the US docket saw the trade balance figures and Markit’s manufacturing PMI coming in below estimates, while the more relevant ISM Non-manufacturing surprised to the upside.
EUR/USD relevant levels
The pair is advancing 0.36% at 1.1187 with the next resistance at 1.1225 (high May 4) ahead of 1.1291 (high May 1) and then 1.1380 (high Feb.26). On the flip side, a breakdown of 1.1066 (low May 5) would aim for 1.1072 (low Apr.30) and finally 1.0959 (low Apr.29).