Home

    You are here

USD AT 12 YEAR PEAK AGAINST EUR

You are here

USD AT 12 YEAR PEAK AGAINST EUR

USD AT 12 YEAR PEAK AGAINST EUR

March 10 2015, 11.40am GMT

STOCK.com

Bullish USD reaches a near 12-year high against EUR on Tuesday.

USD is gaining its strength on the back of expectations the Federal Reserve may raise interest rates in June 2015.

"It is all about the Fed now," said Aurelija Augulyte senior FX strategist at Nordea in Helsinki. "The ECB (bond buying) bias has now been fully digested, but what the market is now trying to do is price in earlier Fed rate hikes."

In contrast, The European Central Bank, remains deeply committed to monetary easing, launching its 1 trillion euro bond buying programme on Monday, driving euro zone debt yields lower to weigh on the euro. The common currency is also weakened by continuing ambiguity over the Greece’s debt.

EURUSD currently trading as low as $1.0744, its lowest since September 2003.

EURUSD - Day Trading Strategies

Bearish scenario: Short positions below the daily pivot point 1.0855$ with targets at 1.0810$ next 1.0780$ in extension.

Alternatively, Bullish scenario: Long positions above the daily pivot point 1.0855$ with targets at 1.0885$ next 1.0935$ in extension.

EURUSD - Daily Chart Support and Resistance levels

Resistance: 1.1115, 1.1270, 1.1445, 1.1500, 1.1540, 1.1650, 1.1680

Support: 1.0780, 1.0720, 1.0685

USD AT 12 YEAR PEAK AGAINST EUR

Trade forex CFDs on STOCK.com with full training given to all clients

 

Forex Block Actions

Trading Platforms

MetaTrader

Through a simple native App download, be ready to log on to the powerful, intuitive MT4 platform and trade multiple assets on your desktop or through mobile

More on MetaTrader

WebTrader

Online access - anytime, anywhere - to your secure STOCK.com account, through desktop, tablet and mobile interfaces with no download necessary

More on WebTrader

Trading in CFDs involves significant risk to your invested capital