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13 Apr 2015
EUR/USD struggles to regain 1.0600
FXStreet (Córdoba) - EUR/USD failed to hold above the 1.06 mark and settled in a narrow range just below during the last hours, as majors take a breather in the absence of news or data releases.
EUR/USD bottomed out at a 1-month low of 1.0521 during the European session but managed to bounce, climbing briefly above 1.0600. However, the pair lacked momentum to stage a steeper recovery. At time of writing, EUR/USD is trading at 1.0585, recording a 0.15% loss on the day.
EUR/USD levels to watch
In terms of technical levels, next supports are seen at 1.0521 (daily low), 1.0500 (psychological level) and 1.0462 (12-year low Mar 13). On the flip side, resistances could be found at 1.0616 (daily high), 1.0683 (Apr 10 high) and 1.0770 (10-day SMA).
EUR/USD bottomed out at a 1-month low of 1.0521 during the European session but managed to bounce, climbing briefly above 1.0600. However, the pair lacked momentum to stage a steeper recovery. At time of writing, EUR/USD is trading at 1.0585, recording a 0.15% loss on the day.
EUR/USD levels to watch
In terms of technical levels, next supports are seen at 1.0521 (daily low), 1.0500 (psychological level) and 1.0462 (12-year low Mar 13). On the flip side, resistances could be found at 1.0616 (daily high), 1.0683 (Apr 10 high) and 1.0770 (10-day SMA).