17 Feb 2015
EUR/USD around 1.1430 on Greece
FXStreet (Edinburgh) - Renewed hopes on a Greece-Eurogroup deal are bolstering the current EUR/USD upside beyond the 1.1400 handle.
EUR/USD attention on Greece, FOMC, ECB
The euro has fully recovered yesterday’s pullback to the 1.1320 area after Greece and the Eurogroup failed to clinch a deal on the Greek debt. Today, Greek officials said the door remains wide open for a ‘mutually beneficial agreement’, reigniting hopes of a deal in another potential meeting on Friday (this is yet to be confirmed).
In the data sphere, the ZEW Survey came in stronger in both the euro area and in Germany for the present month, adding further buying interest to the EUR. Ahead in the week, the FOMC minutes (Wednesday) and the ECB ‘accounts’ (Thursday) will be the main events ahead of flash PMIs due on Friday.
EUR/USD key levels
At the moment the pair is up 0.68% at 1.1425 with the next hurdle at 1.1443 (high Feb.13) ahead of 1.1499 (high Feb.5) and then 1.1535 (high Feb.3). On the flip side, a breakdown of 1.1321 (low Feb.17) would expose 1.1319 (low Feb.16) and finally 1.1300 (psychological level).
EUR/USD attention on Greece, FOMC, ECB
The euro has fully recovered yesterday’s pullback to the 1.1320 area after Greece and the Eurogroup failed to clinch a deal on the Greek debt. Today, Greek officials said the door remains wide open for a ‘mutually beneficial agreement’, reigniting hopes of a deal in another potential meeting on Friday (this is yet to be confirmed).
In the data sphere, the ZEW Survey came in stronger in both the euro area and in Germany for the present month, adding further buying interest to the EUR. Ahead in the week, the FOMC minutes (Wednesday) and the ECB ‘accounts’ (Thursday) will be the main events ahead of flash PMIs due on Friday.
EUR/USD key levels
At the moment the pair is up 0.68% at 1.1425 with the next hurdle at 1.1443 (high Feb.13) ahead of 1.1499 (high Feb.5) and then 1.1535 (high Feb.3). On the flip side, a breakdown of 1.1321 (low Feb.17) would expose 1.1319 (low Feb.16) and finally 1.1300 (psychological level).