16 Feb 2015
EUR/USD remains above 1.1400
FXStreet (Edinburgh) - The single currency is holding well on to the 1.1400 area at the begging of the week, with EUR/USD trading in the 1.1415/10 band.
EUR/USD focus on Eurogroup-Greece
The optimism regarding a positive outcome in today’s meeting between the Eurogroup and Greek officials continue to underpin the upbeat tone in the common currency, against an extended backdrop of USD selling.
Amidst the inactivity in the US markets today due to the President’s Day holiday, the developments from Greece should set the pace for the pair’s price action, at least in the very near term.
EUR/USD levels to consider
At the moment the pair is up 0.19% at 1.1420 facing the next up barrier at 1.1443 (high Feb.13) ahead of 1.1485 (Kijun Sen) and finally 1.1499 (high Feb.5). On the downside, a drop beyond 1.1380 (low Feb.16) would open the door to 1.1367 (200-h MA) and then 1.1303 (low Feb.12).
EUR/USD focus on Eurogroup-Greece
The optimism regarding a positive outcome in today’s meeting between the Eurogroup and Greek officials continue to underpin the upbeat tone in the common currency, against an extended backdrop of USD selling.
Amidst the inactivity in the US markets today due to the President’s Day holiday, the developments from Greece should set the pace for the pair’s price action, at least in the very near term.
EUR/USD levels to consider
At the moment the pair is up 0.19% at 1.1420 facing the next up barrier at 1.1443 (high Feb.13) ahead of 1.1485 (Kijun Sen) and finally 1.1499 (high Feb.5). On the downside, a drop beyond 1.1380 (low Feb.16) would open the door to 1.1367 (200-h MA) and then 1.1303 (low Feb.12).