20 Feb 2015
EUR/USD depressed around 1.1320
FXStreet (Edinburgh) - The shared currency continues to trade in the vicinity of the critical support at 1.1300 on Friday, with EUR/USD hovering over 1.1325/20 at the moment.
EUR/USD softer on Greek uncertainty
The offered tone remains intact around the EUR today, against the backdrop of increasing uncertainty and rumours regarding today’s meeting between Greece and the Eurogroup. Latest news from both parties was signaling that further meetings might be needed in order to clinch a deal, downplaying somehow today’s outcome and thus extending further the final decision on the Greek tale.
No further data releases expected in the euro bloc today, whereas Markit’s manufacturing PMI is due across the pond.
EUR/USD key levels
As of writing the pair is losing 0.32% at 1.1322 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 softer on Greek uncertainty
The offered tone remains intact around the EUR today, against the backdrop of increasing uncertainty and rumours regarding today’s meeting between Greece and the Eurogroup. Latest news from both parties was signaling that further meetings might be needed in order to clinch a deal, downplaying somehow today’s outcome and thus extending further the final decision on the Greek tale.
No further data releases expected in the euro bloc today, whereas Markit’s manufacturing PMI is due across the pond.
EUR/USD key levels
As of writing the pair is losing 0.32% at 1.1322 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).