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27 Mar 2015
EUR/USD finds resistance at 1.0950; back to 1.0900
FXStreet (Tokyo) - After rallying 150 pips from the 1.0800 traded in the European session, the EUR/USD found selling interest at 1.0950 that sent it back to trade in consolidation mode just above 1.0900.
As FXStreet Analyst Pablo Piovano reported early, "mixed data in the US calendar today have failed to ignite a stronger sentiment in the dollar, which is now trading in the negative ground ahead of Yellen’s speech due later."
Currently, EUR/USD is trading at 1.0901, up 0.17% on the day, having posted a daily high at 1.0949 and low at 1.0801. The FXStreet OB/OS Index is reflecting neutral hourly conditions, while the FXStreet Trend Index is slightly bullish.
EUR/USD Forecast
According to the FXStreet EURUSD Forecast Poll, the "bearish sentiment returned; despite flirting with 1.1000, our poll sees the EUR resuming its decline towards 1.0500."
If the pair extends its rejection from 1.0950, it will find supports at 1.0900, 1.0890 and 1.0860. To the upside, resistances are at 1.0950, 1.1000 and 1.1050.
As FXStreet Analyst Pablo Piovano reported early, "mixed data in the US calendar today have failed to ignite a stronger sentiment in the dollar, which is now trading in the negative ground ahead of Yellen’s speech due later."
Currently, EUR/USD is trading at 1.0901, up 0.17% on the day, having posted a daily high at 1.0949 and low at 1.0801. The FXStreet OB/OS Index is reflecting neutral hourly conditions, while the FXStreet Trend Index is slightly bullish.
EUR/USD Forecast
According to the FXStreet EURUSD Forecast Poll, the "bearish sentiment returned; despite flirting with 1.1000, our poll sees the EUR resuming its decline towards 1.0500."
If the pair extends its rejection from 1.0950, it will find supports at 1.0900, 1.0890 and 1.0860. To the upside, resistances are at 1.0950, 1.1000 and 1.1050.