Check Out Lastest Data Below.
FXstreet.com (Barcelona) - The relentless decline in the EUR/USD touched fresh trend lows at 1.2514 after rumours of joint central bank liquidity intervention to Europe, aka another LTRO, were dismissed. The Euro has currently staged a mild recovery towards 1.2540, Asian highs now, as the market still protects the 1.2500 barrier.
The Research FX Team at TD Securities continues to favour short EUR/USD positions: "Greek exit risks, contagion concerns, slow growth and limited safe haven alternatives suggest that the recent run lower in EUR/USD may extend further in the weeks ahead. EUR/USD’s tumble to its lowest point in nearly two years this week brings our mid-year USD1.24 target within reach."
TDS adds: "Sharp adjustments in the spot rate start to look stretched at +/-10% over three months relative to the past three month period. On that basis, the USD1.20 area might be reachable in the next two months (10% below the USD1.33 level prevailing in EUR/USD at the start of this month)."
EUR/USD May 25 at 23:09 GMT
1.2535/37 (0.02%)
H1.2544 L 1.2530
| S3 | S2 | S1 | R1 | R2 | R3 |
|---|---|---|---|---|---|
| 1.2428 | 1.2459 | 1.2491 | 1.2637 | 1.2668 | 1.2700 |
| Trend Index | OB/OS Index |
|---|---|
| Data updated on May 24 a 23:00 GMT (15-minute timeframe) | |
| Slightly Bullish | Extremely Oversold |
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