27 Apr 2015
EUR/USD drops to lows near 1.0820
FXStreet (Edinburgh) - The European currency is now losing the grip vs. the greenback, dragging EUR/USD to visit session lows around 1.0820.
EUR/USD weaker on Greek headlines
The euro has seen its decline accelerated following news from Greece with (still) finmin Y.Varoufakis taking centre stage amidst voices claiming for his resignation. According to recent news, the Greek government could be looking to form a new negotiating party to carry on talks with the Brussels Group, all following last Friday’s fiasco at the Eurogroup meeting.
There are no further releases scheduled in the euro bloc, whereas Markit’s Services PMI and the Dallas Fed Manufacturing Business Index will be in the limelight across the pond.
EUR/USD levels to consider
At the moment the pair is retreating 0.36% at 1.0832 with the immediate support at 1.0789 (low Apr.24) followed by 1.0773 (21-d MA) and then 1.0737 (10-d MA). On the upside, a surpass of 1.0901 (high Apr.24) would open the door to 1.0955 (high Apr.7) and finally 1.1036 (high Apr.6).
EUR/USD weaker on Greek headlines
The euro has seen its decline accelerated following news from Greece with (still) finmin Y.Varoufakis taking centre stage amidst voices claiming for his resignation. According to recent news, the Greek government could be looking to form a new negotiating party to carry on talks with the Brussels Group, all following last Friday’s fiasco at the Eurogroup meeting.
There are no further releases scheduled in the euro bloc, whereas Markit’s Services PMI and the Dallas Fed Manufacturing Business Index will be in the limelight across the pond.
EUR/USD levels to consider
At the moment the pair is retreating 0.36% at 1.0832 with the immediate support at 1.0789 (low Apr.24) followed by 1.0773 (21-d MA) and then 1.0737 (10-d MA). On the upside, a surpass of 1.0901 (high Apr.24) would open the door to 1.0955 (high Apr.7) and finally 1.1036 (high Apr.6).