17 Feb 2015
EUR/USD calmer around 1.1400
FXStreet (Edinburgh) - The common currency seems to have stabilized in the 1.1400 neighbourhood on Tuesday, with EUR/USD now deflating from levels above 1.1420.
EUR/USD eyes on Greece, FOMC
Spot quickly left behind recent lows in the 1.1320 area following Monday’s no-deal between Greece and the Eurogroup. However, a softer tone from the US dollar today and the likeliness of an agreement regarding the Greek debt gave extra wings to the pair, reaching the mid-1.1400s during the European morning.
In fact, and according to recent rumours, Greek officials will aim (probably tomorrow) for a 6-month extension of the current loan agreement, as opposed to an extension of the bailout programme, which ends on February 28th.
Wednesday’s docket in the euro area will be dominated by Greek headlines, while the US calendar is packed with key data releases ahead of the more significant FOMC minutes.
EUR/USD key levels
At the moment the pair is up 0.57% at 1.1412 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 eyes on Greece, FOMC
Spot quickly left behind recent lows in the 1.1320 area following Monday’s no-deal between Greece and the Eurogroup. However, a softer tone from the US dollar today and the likeliness of an agreement regarding the Greek debt gave extra wings to the pair, reaching the mid-1.1400s during the European morning.
In fact, and according to recent rumours, Greek officials will aim (probably tomorrow) for a 6-month extension of the current loan agreement, as opposed to an extension of the bailout programme, which ends on February 28th.
Wednesday’s docket in the euro area will be dominated by Greek headlines, while the US calendar is packed with key data releases ahead of the more significant FOMC minutes.
EUR/USD key levels
At the moment the pair is up 0.57% at 1.1412 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).