18 Feb 2015
EUR/USD slides below 1.1400
FXStreet (Córdoba) - EUR/USD broke to the downside after hovering around 1.1400. The pair moved toward 1.1350 and printed a fresh low at 1.1358. Currently remains near the lows on a key day for financial markets.
The European Central Bank will decided today if lifts the Emergency Liquidity Assistance (ELA) access to Greek banks. It is expected also that Greece will ask for an extension in the loan program. While in the US, during the American session, FOMC minutes will be release. Despite all the events, EUR/USD remains relatively steady.
The sharply decline of the EUR/GBP after UK employment data and BoE minutes, could have impacted EUR/USD and pushed it below 1.1375 (previous lows). The daily trend points to the downside, as the euro continues to reach lower lows and lower highs since yesterday’s American session. A break above 1.1410/20 could change the short term outlook.
The European Central Bank will decided today if lifts the Emergency Liquidity Assistance (ELA) access to Greek banks. It is expected also that Greece will ask for an extension in the loan program. While in the US, during the American session, FOMC minutes will be release. Despite all the events, EUR/USD remains relatively steady.
The sharply decline of the EUR/GBP after UK employment data and BoE minutes, could have impacted EUR/USD and pushed it below 1.1375 (previous lows). The daily trend points to the downside, as the euro continues to reach lower lows and lower highs since yesterday’s American session. A break above 1.1410/20 could change the short term outlook.