11 Feb 2015
EUR/USD wavers above 1.1300
FXStreet (Mumbai) - EUR/USD erased gains and slipped back in red during the European session, however remained resilient above 1.13 handle, notwithstanding the continued uncertainty surrounding Greece.
Slips from 1.1331
The EUR/USD now trades flat at 1.1315, quickly retreating from fresh session highs posted at 1.1331 an hour ago. EUR/USD continues to sideways above 1.1300 levels as the uncertainty around Greece and its latest proposal about its debt continues to weigh on markets.
Later in the day, euro zone finance ministers are going to meet their counterpart from Greece, Yanis Varoufakis, to discuss a new plan outlined by Greece's new government, with traders monitoring the event.
EUR/USD Technical Levels
The pair has an immediate resistance at 1.1346 levels, above which gains could be extended to 1.1400 levels. On the flip side, support is seen at 1.1300 levels, below which it could extend losses to 1.1272 levels.
Slips from 1.1331
The EUR/USD now trades flat at 1.1315, quickly retreating from fresh session highs posted at 1.1331 an hour ago. EUR/USD continues to sideways above 1.1300 levels as the uncertainty around Greece and its latest proposal about its debt continues to weigh on markets.
Later in the day, euro zone finance ministers are going to meet their counterpart from Greece, Yanis Varoufakis, to discuss a new plan outlined by Greece's new government, with traders monitoring the event.
EUR/USD Technical Levels
The pair has an immediate resistance at 1.1346 levels, above which gains could be extended to 1.1400 levels. On the flip side, support is seen at 1.1300 levels, below which it could extend losses to 1.1272 levels.