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1 Apr 2015
EUR/USD falls hard to daily lows
FXStreet (Tokyo) - The Euro is falling fast against the US Dollar despite the good news that the Eurozone and Germany reported in the economic calendar. After falling 70 pips from 1.0790, the EUR/USD is now trading below 1.0725.
Currently, EUR/USD is trading at 1.0725, down 0.06% on the day, having posted a daily high at 1.0793 and low at 1.0720. RSI is at 28.70, down from the last hourly print at 44.33, with ADX at 41.87, up from its previous close at 27.72.
EUR/USD levels
Mike Paterson from Forexlive is reporting one big option expire in the NY cut for the EUR/USD at 1.0800 (EUR 2.1bln); however the pair is moving far away from there and currently it's closer to the expiry at 1.0750 (EUR 323m).
Remember that these options expiries are 'vanilla', that means that in case the expiries are not executed they are accumulative until Friday.
As for the short term, if the pair consolidates levels below the 1.0725, it will find supports at 1.0710, 1.0650 and then 1.0500. To the upside, 1.0750, 1.0790 and 1.0800 are resistances.
Currently, EUR/USD is trading at 1.0725, down 0.06% on the day, having posted a daily high at 1.0793 and low at 1.0720. RSI is at 28.70, down from the last hourly print at 44.33, with ADX at 41.87, up from its previous close at 27.72.
EUR/USD levels
Mike Paterson from Forexlive is reporting one big option expire in the NY cut for the EUR/USD at 1.0800 (EUR 2.1bln); however the pair is moving far away from there and currently it's closer to the expiry at 1.0750 (EUR 323m).
Remember that these options expiries are 'vanilla', that means that in case the expiries are not executed they are accumulative until Friday.
As for the short term, if the pair consolidates levels below the 1.0725, it will find supports at 1.0710, 1.0650 and then 1.0500. To the upside, 1.0750, 1.0790 and 1.0800 are resistances.