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EUR/USD slips ~1.1215 support, US data sees slight USD rally

Friday, February 27, 2015 1:53 PM UTC

Source: Thomson Reuters

EUR/USD is unlikely to test 1.1260/70 old support as pair slips ~1.1215 support
USD sees slight rally after US data, DE-US 2yr yield spreads further in USD's favor
Chicago PMI & U. of Mich due ahead, if upbeat then could futher depress pair
Bears may reappear, may see pair work through 1.1135/85 support zone
Sub-1.1135 could see test of 2015 low, >1.1450 eases short-term bear pressure

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EUR/USD slips ~1.1215 support, US data sees slight USD rally

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