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5 May 2015
EUR/USD breaches 1.1100
FXStreet (Edinburgh) - The selling pressure intensifies around the common currency on Tuesday, sending EUR/USD to fresh lows near 1.1090.
EUR/USD weaker, in 3-day lows
Spot is retreating for the third consecutive session so far, surrendering part of the recent strong gains and accelerating the rejection from the 1.1300 neighbourhood. Ahead in the day, the European Commission will release its Economic Growth Forecasts for the region in which will be the main event today.
Across the Atlantic, Trade Balance figures during March and Services sector gauges (PMI and ISM) will be in the limelight.
EUR/USD relevant levels
The pair is down 0.42% at 1.1098 and a drop below 1.1087 (low May 5) would expose 1.1072 (low Apr.30) and finally 1.0959 (low Apr.29). On the upside, the immediate hurdle aligns at 1.1225 (high May 4) ahead of 1.1291 (high May 1) and then 1.1380 (high Feb.26).
EUR/USD weaker, in 3-day lows
Spot is retreating for the third consecutive session so far, surrendering part of the recent strong gains and accelerating the rejection from the 1.1300 neighbourhood. Ahead in the day, the European Commission will release its Economic Growth Forecasts for the region in which will be the main event today.
Across the Atlantic, Trade Balance figures during March and Services sector gauges (PMI and ISM) will be in the limelight.
EUR/USD relevant levels
The pair is down 0.42% at 1.1098 and a drop below 1.1087 (low May 5) would expose 1.1072 (low Apr.30) and finally 1.0959 (low Apr.29). On the upside, the immediate hurdle aligns at 1.1225 (high May 4) ahead of 1.1291 (high May 1) and then 1.1380 (high Feb.26).