13 Feb 2015
EUR/USD treading water around 1.1400
FXStreet (Edinburgh) - The shared currency is trading on ‘auto-pilot’ vs. the greenback during the European evening, with EUR/USD gyrating around 1.1400 the figure.
EUR/USD focus on Greece, Eurogroup
The euro is closing its third consecutive week with gains, recovering more than three big-figures since the knee-jerk below 1.1100 in the wake of the Greek parliamentary elections. The risk-on environment continued to support the EUR bull run, although gains beyond recent tops around 1.1540 will surely need a stronger catalyst.
Ahead in the week, it seems fireworks could start as early as Monday, when the Eurogroup will once again discuss the Greek proposal in the broader context of the deb renegotiation.
EUR/USD significant levels
The pair is now losing 0.08% at 1.1400. The immediate support aligns at 1.1390 (21-d MA) followed by 1.1378 (10-d MA) and then 1.1303 (low Feb.12). On the flip side, the initial up barrier stands at 1.1466 (hourly high Feb.6) ahead of 1.1486 (high Feb.6) and finally 1.1499 (high Feb.5).
EUR/USD focus on Greece, Eurogroup
The euro is closing its third consecutive week with gains, recovering more than three big-figures since the knee-jerk below 1.1100 in the wake of the Greek parliamentary elections. The risk-on environment continued to support the EUR bull run, although gains beyond recent tops around 1.1540 will surely need a stronger catalyst.
Ahead in the week, it seems fireworks could start as early as Monday, when the Eurogroup will once again discuss the Greek proposal in the broader context of the deb renegotiation.
EUR/USD significant levels
The pair is now losing 0.08% at 1.1400. The immediate support aligns at 1.1390 (21-d MA) followed by 1.1378 (10-d MA) and then 1.1303 (low Feb.12). On the flip side, the initial up barrier stands at 1.1466 (hourly high Feb.6) ahead of 1.1486 (high Feb.6) and finally 1.1499 (high Feb.5).