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17 Apr 2015
EUR/USD dips to lows near 1.0730
FXStreet (Edinburgh) - The shared currency is now losing its shine, dragging EUR/USD to challenge session lows in the 1.0730 region.
EUR/USD weaker after US data
The pair shed over a big-figure from session peaks in the mid-1.0800s following the better-than-expected CPI data in the US economy during March, giving at the same time the beleaguered dollar a relieving dose of oxygen.
In the broader picture, the pair keeps ignoring the worrisome prospects from the Greek economy in light of the slew of repayments due in May and the worrying silence emanating from the Greek officials.
EUR/USD key levels
The pair is now retreating 0.04% at 1.0757 with the immediate support at 1.0613 (100-h MA) would open the door to 1.0571 (low Apr.15) and finally 1.0532 (low Apr.14). On the flip side, a break above 1.0842 (high Apr.17) would open the door to 1.0887 (high Apr.8) and then 1.0947 (high Apr.7).
EUR/USD weaker after US data
The pair shed over a big-figure from session peaks in the mid-1.0800s following the better-than-expected CPI data in the US economy during March, giving at the same time the beleaguered dollar a relieving dose of oxygen.
In the broader picture, the pair keeps ignoring the worrisome prospects from the Greek economy in light of the slew of repayments due in May and the worrying silence emanating from the Greek officials.
EUR/USD key levels
The pair is now retreating 0.04% at 1.0757 with the immediate support at 1.0613 (100-h MA) would open the door to 1.0571 (low Apr.15) and finally 1.0532 (low Apr.14). On the flip side, a break above 1.0842 (high Apr.17) would open the door to 1.0887 (high Apr.8) and then 1.0947 (high Apr.7).