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17 Mar 2015
EUR/USD pushes to 1.0650
FXStreet (Edinburgh) - The common currency keeps pushing higher on Tuesday, now sending EUR/USD to a brief test of the 1.0650 level.
EUR/USD firmer ahead of FOMC
The pair has already left behind both key barriers at 1.0500 and 1.0600 since Monday’s troughs around 1.0460, backed by a persistent offered tone around the greenback. However, the FOMC meeting will put the ongoing bull run to the test tomorrow, as market expectations of a hawkish tone from Chairwoman J.Yellen have been building up since February’s Payrolls in the US economy.
In the meantime, the pair continues to cement the recent break above the 1.0600 handle with the next up barrier emerging at 1.0700.
EUR/USD key levels
As of writing the pair is up 0.46% at 1.0617 with the next resistance at 1.0652 (high Mar.17) ahead of 1.0683 (high Mar.12) and then 1.0718 (high Mar.11). On the flip side, a break below 1.0457 (12-year low Mar.16) would expose 1.0335 (2003 low Jan.2) and then 1.0300 (psychological level).
EUR/USD firmer ahead of FOMC
The pair has already left behind both key barriers at 1.0500 and 1.0600 since Monday’s troughs around 1.0460, backed by a persistent offered tone around the greenback. However, the FOMC meeting will put the ongoing bull run to the test tomorrow, as market expectations of a hawkish tone from Chairwoman J.Yellen have been building up since February’s Payrolls in the US economy.
In the meantime, the pair continues to cement the recent break above the 1.0600 handle with the next up barrier emerging at 1.0700.
EUR/USD key levels
As of writing the pair is up 0.46% at 1.0617 with the next resistance at 1.0652 (high Mar.17) ahead of 1.0683 (high Mar.12) and then 1.0718 (high Mar.11). On the flip side, a break below 1.0457 (12-year low Mar.16) would expose 1.0335 (2003 low Jan.2) and then 1.0300 (psychological level).