EUR/USD extended losses to 1.0910

June 1, 2015

The shared currency is being offered in the early European session, taking the EUR/USD pair lower to a session low of 1.0910 levels. 

EUR ignored upbeat Spanish data

The common currency is being sold even though the Spanish manufacturing PMI printed at 55.8, its highest level since April 2007. The new week and new month begun with a slide mainly due to the ongoing Greek saga. A Greek payment to the IMF is due on this Friday, and the sides are not getting any closer. 

Moreover, the markets are pricing-in an op-ed by Greek PM Tsipras which sounded very defiant. Overall, there are lots of disinformation and lots of arguments and counter arguments on whether or not Greece is nearing the deal with its creditors.

EUR/USD Technical Levels

A break below 1.09 could see the pair target 1.0862 levels (May 26 close). On the flip side, a break above 1.0941 (5-DMA) could see the pair re-test 1.0971 (23.6% R of 1.1465-1.0817).

Publication source
HYCM information  HYCM reviews

February 24, 2017
Gold surges to major $1250 resistance as uncertainty prevails
Gold surged Thursday on a breakout of its previous consolidation to hit and slightly exceed major technical resistance at $1250, a level not seen since early November...
February 24, 2017
Dollar falls as peso and gold rally
The U.S. dollar was the weakest currency yesterday as surprisingly, the Mexican peso rallied, rising 1.22% over the day against the greenback...
February 23, 2017
U.S. dollar muted to Fed minutes
The U.S. dollar index was flat yesterday after the Federal Reserve published the meeting minutes from the January 31 -February 1 monetary policy meeting...

OctaFX Rating
FXCM Rating
OANDA Rating
Larson&Holz IT Ltd Rating
Vantage FX Rating
Exness Rating

OptionTrade Rating
Anyoption Rating
Empire Option Rating
Porter Finance Rating
UKoptions Rating
Binary Brokerz Rating