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3 Mar 2015
EUR/USD slips to 1.1160
FXStreet (Edinburgh) - The common currency intensifies its intraday bearishness on Tuesday, with EUR/USD now visiting session lows around 1.1160.
EUR/USD down from 1.1210
The pair quickly faded the spike to session highs around 1.1210 following the auspicious results from the German retail sales during January. However, the upside lost impetus and prompted spot to give away gains and return below 1.1200 the figure along with the European opening.
Empty docket in Euroland for the rest of the day plus second-tier releases in the US economy will leave the pair to the mercy of the risk appetite trends, with 1.1160-1.1220 the likely daily range.
EUR/USD levels to watch
At the moment the pair is down 0.10% at 1.1169 with the next support at 1.1160 (low Mar.2) ahead of 1.1098 (11-year low Jan.26) and then 1.1047 (low Sep.8 2003). On the flip side, a breakout of 1.1245 (high Feb.27) would open the door to 1.1296 (10-d MA) and finally 1.1338 (21-d MA).
EUR/USD down from 1.1210
The pair quickly faded the spike to session highs around 1.1210 following the auspicious results from the German retail sales during January. However, the upside lost impetus and prompted spot to give away gains and return below 1.1200 the figure along with the European opening.
Empty docket in Euroland for the rest of the day plus second-tier releases in the US economy will leave the pair to the mercy of the risk appetite trends, with 1.1160-1.1220 the likely daily range.
EUR/USD levels to watch
At the moment the pair is down 0.10% at 1.1169 with the next support at 1.1160 (low Mar.2) ahead of 1.1098 (11-year low Jan.26) and then 1.1047 (low Sep.8 2003). On the flip side, a breakout of 1.1245 (high Feb.27) would open the door to 1.1296 (10-d MA) and finally 1.1338 (21-d MA).