EUR/USD Sinks to Lows Near 1.1440
The single currency is now losing the grip vs. its American peer on Thursday, sending EUR/USD to daily lows in the mid-1.1400s.
EUR/USD lower on USD-buying
The
buying interest around the greenback seems to be now gathering further
traction, quickly dragging spot to test the key support area around
1.1450.
In another direction, there was no fresh news from the
ECB following the release of its Economic Bulletin, keeping the status
quo unchanged and reiterating its readiness to act if necessary, while
confirming the economic recovery in the region.
EUR/USD levels to watch
The
pair is now losing 0.37% at 1.1443 and a break below 1.1359 (20-day
sma) would open the door to 1.1226 (55-day sma) and finally 1.1213 (low
Apr.25). On the other hand, the initial hurdle lines up at 1.1615 (2016
high May 3) followed by 1.1713 (high Aug.24 2015) and finally 1.2110
(2015 high Jan.2).
