• support@capitalstreetfx.in     0124.400.4440

About Us

Capital Street Inter markets Limited is a Global Business Company (GBC1) incorporated and regulated by the Financial Services Commission, Mauritius. It is fully licensed and regulated by the FSC Mauritius, as a Full Services Investment Dealer....

Contact Info

  • 9th Floor, Ebene Tower, 52 Cybercity Ebene, Republic of Mauritius

  • +1-949-335-4314

  • support@capitalstreetfx.in

  • Sunday: Closed

EUR/USD Tests 1.0615-10 Support Area - Capital Street FX

    • Home
    • Blog
    • EUR/USD Tests 1.0615-10 Support Area
06:49 IST

The single currency has resumed its downside vs. the greenback on Wednesday, taking EUR/USD to the 1.0615/10 band.

The pair’s upbeat momentum has run out of legs in the vicinity of 1.0640 at the beginning of the week, sparking the current leg lower to the 1.06 neighbourhood as the greenback shrugs off the initial weakness.

Spot will remain under pressure nonetheless, as preliminary inflation figures for the month of November are due in the euro area, preceding the ADP employment report across the pond (190K exp.) and Chairwoman J.Yellen’s speech.

As of writing the pair is losing 0.21% at 1.0609 facing the next support at 1.0519 (low Apr.13) en route to 1.0500 (psychological level) and then 1.0456 (2015 low Mar.16). On the other hand, a break above 1.0805 (monthly lows May and July) would expose 1.0829 (high Nov.12) and then 1.1013 (55-day sma).

Leave a Reply

Your email address will not be published. Required fields are marked *

Hi Please share contact detail & write any comments below, our team will try to call soon.