30 Mar 2015
EUR/USD calm around 1.0850
FXStreet (Edinburgh) - The shared currency remains in the defensive camp at the beginning of the week, with EUR/USD trading between 1.0820 and 1.0880 so far.
EUR/USD focus on Germany
The euro remained apathetic in spite of the auspicious results from the euro area during February, with consumer confidence and economic sentiment extending the upbeat momentum.
Next on tap in the euro bloc will be the preliminary gauges of the German inflation figures for the current month, while market participants keep waiting for any news regarding the Greek debt talks.
EUR/USD key levels
At the moment the pair is retreating 0.42% at 1.0837 with the immediate support at 1.0801 (low Mar.27) ahead of 1.0767 (low Mar.23) and then 1.0760 (50% of 1.0457-1.1062). On the flip side, a breakout of 1.0934 (Kijun Sen) would open the door to 1.0949 (high Mar.27) and finally 1.1052 (high Mar.26).
EUR/USD focus on Germany
The euro remained apathetic in spite of the auspicious results from the euro area during February, with consumer confidence and economic sentiment extending the upbeat momentum.
Next on tap in the euro bloc will be the preliminary gauges of the German inflation figures for the current month, while market participants keep waiting for any news regarding the Greek debt talks.
EUR/USD key levels
At the moment the pair is retreating 0.42% at 1.0837 with the immediate support at 1.0801 (low Mar.27) ahead of 1.0767 (low Mar.23) and then 1.0760 (50% of 1.0457-1.1062). On the flip side, a breakout of 1.0934 (Kijun Sen) would open the door to 1.0949 (high Mar.27) and finally 1.1052 (high Mar.26).