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13 Apr 2015
EUR/USD regains 1.0550
FXStreet (Edinburgh) - After dropping to fresh lows in the 1.0520 area, EUR/USD has rebounded and is now looking to clinch the 1.0550/60 band.
EUR/USD depressed below 1.0600
The pair is navigating the area of multi-week lows on Monday, dragged lower by a continuation of the USD-strength and disappointing releases in the Chinese economy.
In addition, Greek jitters started to gather traction, as the country needs to submit a package of reforms by April 20th in order to be assessed by EU officials prior to the Eurogroup meeting on April 24th.
EUR/USD key levels
The pair is now losing 0.47% at 1.0554 with the next support at 1.0457 (2015 low Mar.16) followed by 1.0400 (psychological level) and then 1.0360 (low Jan.8 2003). On the flip side, a breakout of 1.0620 (high Apr.13) would target 1.0684 (high Apr.10) en route to 1.0772 (10-d MA).
EUR/USD depressed below 1.0600
The pair is navigating the area of multi-week lows on Monday, dragged lower by a continuation of the USD-strength and disappointing releases in the Chinese economy.
In addition, Greek jitters started to gather traction, as the country needs to submit a package of reforms by April 20th in order to be assessed by EU officials prior to the Eurogroup meeting on April 24th.
EUR/USD key levels
The pair is now losing 0.47% at 1.0554 with the next support at 1.0457 (2015 low Mar.16) followed by 1.0400 (psychological level) and then 1.0360 (low Jan.8 2003). On the flip side, a breakout of 1.0620 (high Apr.13) would target 1.0684 (high Apr.10) en route to 1.0772 (10-d MA).