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EUR/USD2015-04-27 10:47 UTC

EUR-USD came under pressure in Europe after trading steadily during Asian's session. The pair has dipped to 1.0822 from the upper 1.08s. The intraday peak was short of Friday's 1.0900 peak. Support is at 1.0845 and 1.0769, which is the current position of the 20-day moving average. Resistance is at 1.0897-1.0900, which encompasses the 50-day moving average and Friday's peak. We continue to take a bearish bigger-picture view of EUR-USD, ... Read More 

XE Market Analysis

  • North American Edition2015-04-27 10:47 UTC

    The euro gave back of last week's gains as Greek concerns flowed after last week's ebb. EUR-USD dipped to a low of 1.0821 from the upper 1.08s. EUR-JPY and other euro crosses came under moderate pressure, too. Sterling has been in correction mode after Friday's strong rally against the dollar to an eight-week high at 1.5188. The pair has drifted to a low of 1.5122 so far. Read More 

  • European Edition2015-04-27 06:29 UTC

    Market conditions were pretty subdued in pre-European trade in Asia. EUR-USD settled in the mid-to-upper 1.08s early week trade after logging a three-week peak at 1.0900 on Friday. The 1.0900 level and the 50-day moving average at 1.0897 mark resistance. Support is at 1.0845 and 1.0769, which is the current position of the 20-day moving average. USD-JPY edged out a one-week low of 118.77 before recovering to the 119.00 area. The dollar is now trading ... Read More 

  • Asian Edition2015-04-24 18:58 UTC

    The dollar was mixed in N.Y. trade on Friday, losing ground to the yen and pound, while rallying versus the CAD, and staying choppy against the euro. Uncertainty over the Greece crisis outcome has been pushed back again, as no agreement was reached at the latest Eurogroup meeting. EUR-USD as a result was rather rudderless on Friday, meandering between 1.0805 and 1.0879 through the session. Disappointing durable goods data and softer yields did the dollar ... Read More 

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