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14 May 2015
EUR/USD supported at 1.1340
FXStreet (Edinburgh) - The common currency has recovered the positive ground on Thursday, now pushing EUR/USD back to the area of 1.1370.
EUR/USD retreats from highs near 1.1450
Better data from the US labour market during the last week plus the dovish appreciations by President M.Draghi plotted against further upside in the pair today, with gains limited just below 1.1450 so far.
Amongst his salient points today, Draghi stressed that the current bond-buying programme is meant to remain for ‘as long as needed’ in order to clinch the inflation target. He also added that the central bank’s measures have greatly impacted on both asset prices and confidence.
EUR/USD levels to consider
At the moment the pair is advancing 0.16% at 1.1373 with the initial hurdle at 1.1445 (high May 14) ahead of 1.1486 (high Feb.6) and then 1.1500 (psychological level). On the downside, a break below 1.1341 (low May 14) would aim for 1.1250 (10-d MA) and finally 1.1202 (low May 13).
EUR/USD retreats from highs near 1.1450
Better data from the US labour market during the last week plus the dovish appreciations by President M.Draghi plotted against further upside in the pair today, with gains limited just below 1.1450 so far.
Amongst his salient points today, Draghi stressed that the current bond-buying programme is meant to remain for ‘as long as needed’ in order to clinch the inflation target. He also added that the central bank’s measures have greatly impacted on both asset prices and confidence.
EUR/USD levels to consider
At the moment the pair is advancing 0.16% at 1.1373 with the initial hurdle at 1.1445 (high May 14) ahead of 1.1486 (high Feb.6) and then 1.1500 (psychological level). On the downside, a break below 1.1341 (low May 14) would aim for 1.1250 (10-d MA) and finally 1.1202 (low May 13).