“¢ The USD fails to preserve the overnight gains and helps regain positive traction. “¢ Technical buying above 1.1400 handle further accelerate the positive momentum. “¢ Traders eye prelim German CPI and advance US Q4 GDP print for fresh impetus. After yesterday’s modest pull-back, the EUR/USD pair caught some aggressive bids on Thursday and surged to over three-week tops in the last hour. A sharp slide in the US Treasury bond yields failed to assist the US Dollar to build on the overnight rebound from multi-week tops, which eventually turned out to be one of the key factors driving the pair higher since the early European session. Today’s uptick could further be attributed to some cross-driven strength, stemming out of a goodish bounce in the EUR/GBP cross, with technical buying above the 1.1400 round figure mark providing an additional boost to the pair’s strong intraday rally. It, however, remains to be seen if the pair is able to build on the momentum or fizzles out at higher levels as the focus now shifts to German prelim inflation figures for the month of February and the advance Q4 GDP growth figures from the US. Technical levels to watch EUR/USD Overview: Today Last Price: 1.1417 Today Daily change: 46 pips Today Daily change %: 0.40% Today Daily Open: 1.1371 Trends: Daily SMA20: 1.1352 Daily SMA50: 1.1393 Daily SMA100: 1.1392 Daily SMA200: 1.1511 Levels: Previous Daily High: 1.1404 Previous Daily Low: 1.1362 Previous Weekly High: 1.1373 Previous Weekly Low: 1.1276 Previous Monthly High: 1.1586 Previous Monthly Low: 1.1289 Daily Fibonacci 38.2%: 1.1378 Daily Fibonacci 61.8%: 1.1388 Daily Pivot Point S1: 1.1354 Daily Pivot Point S2: 1.1337 Daily Pivot Point S3: 1.1311 Daily Pivot Point R1: 1.1396 Daily Pivot Point R2: 1.1422 Daily Pivot Point R3: 1.1439 FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next UBS: Tax raise delayed on US consumers FX Street 4 years "¢ The USD fails to preserve the overnight gains and helps regain positive traction. "¢ Technical buying above 1.1400 handle further accelerate the positive momentum. "¢ Traders eye prelim German CPI and advance US Q4 GDP print for fresh impetus. After yesterday's modest pull-back, the EUR/USD pair caught some aggressive bids on Thursday and surged to over three-week tops in the last hour. A sharp slide in the US Treasury bond yields failed to assist the US Dollar to build on the overnight rebound from multi-week tops, which eventually turned out to be one… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
