20 Feb 2015
EUR/USD recovers from 1.1300
FXStreet (Edinburgh) - After dropping to the vicinity of 1.1300 the figure during the morning in Euroland, EUR/USD is now attempting a recovery, re-visiting the mid-1.1300s.
EUR/USD keeps the focus on Greece
The upcoming Eurogroup-Greece meeting remains the main focus of attention for the FX community on Friday, with bets regarding the potential outcome still unclear although some optimism seems to emanate from Greece, as shown by the positive initial tone from the domestic stock market and mainly from the banking sector.
In the data front, spot largely bypassed the mixed results from flash manufacturing/services PMIs in the euro region and the lower producer prices in Germany.
EUR/USD key levels
As of writing the pair is losing 0.15% at 1.1341 and a break below of 1.1303 (low Feb.12) would target 1.1270 (low Feb.9) en route to 1.1262 (low Jan.29). On the upside, the initial hurdle lies at 1.1450 (high Feb.17) followed by 1.1486 (high Feb.6) and finally 1.1499 (high Feb.5).
EUR/USD keeps the focus on Greece
The upcoming Eurogroup-Greece meeting remains the main focus of attention for the FX community on Friday, with bets regarding the potential outcome still unclear although some optimism seems to emanate from Greece, as shown by the positive initial tone from the domestic stock market and mainly from the banking sector.
In the data front, spot largely bypassed the mixed results from flash manufacturing/services PMIs in the euro region and the lower producer prices in Germany.
EUR/USD key levels
As of writing the pair is losing 0.15% at 1.1341 and a break below of 1.1303 (low Feb.12) would target 1.1270 (low Feb.9) en route to 1.1262 (low Jan.29). On the upside, the initial hurdle lies at 1.1450 (high Feb.17) followed by 1.1486 (high Feb.6) and finally 1.1499 (high Feb.5).