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21 Aug 2015
EUR/USD testing key resistance
FXStreet (Guatemala) - EUR/USD is currently trading at 1.1247 with a high of 1.1249 and a low of 1.1228.
EUR/USD is moving up through the 1.1240 resistance on the back of risk-off markets flooding to the funding currency which status it carries in this environment while the FOMC minutes came across as dovish yesterday.
EUR/USD bid on nervous markets
The markets are nervous around the uncertainty of the Greek says, with the recent resignation of Greek PM Tsipras and snap election being called for the 20th September, coupled with the worst performance in the S&P 500 since February 2014 and most recent reports that the South exchanged fire with the North of Korea across the boarder in retaliation of a small rocket that was detached as fired toward the western province of Gyeonggi in the south.
Technically, the pair has a strong static resistance level here, and we have now broken the June 30th daily high at 1.1236 closing the late June bearish gap. A continued bid opens up prospects for the 1.1400/10 price zone.
EUR/USD is moving up through the 1.1240 resistance on the back of risk-off markets flooding to the funding currency which status it carries in this environment while the FOMC minutes came across as dovish yesterday.
EUR/USD bid on nervous markets
The markets are nervous around the uncertainty of the Greek says, with the recent resignation of Greek PM Tsipras and snap election being called for the 20th September, coupled with the worst performance in the S&P 500 since February 2014 and most recent reports that the South exchanged fire with the North of Korea across the boarder in retaliation of a small rocket that was detached as fired toward the western province of Gyeonggi in the south.
Technically, the pair has a strong static resistance level here, and we have now broken the June 30th daily high at 1.1236 closing the late June bearish gap. A continued bid opens up prospects for the 1.1400/10 price zone.