27 Apr 2015
EUR/USD off highs, back below 1.0900
FXStreet (Edinburgh) - After hitting fresh 3-week highs near 1.0930, EUR/USD has now surrendered part of the daily gains and is now deflating to the 1.0900/1.0890 band.
EUR/USD boosted by Greece news
Greek headlines have bolstered the pair’s upside today, in an otherwise apathetic start of the week. In fact, the Greek government has announced a re-shuffle of the negotiating party early in the European morning, after the recent setback at the Eurogroup meeting in Riga casted a mantle of doubt regarding the ability of finmin Y.Varoufakis to carry on (succeed?) with the debt talks.
The announcements triggered a wave of buying interest in the single currency, helping spot to bounce off the 1.0820 area to fresh highs near 1.0930.
EUR/USD levels to consider
At the moment the pair is advancing 0.10% at 1.0883 with the next resistance at 1.0928 (high Apr.27) followed by 1.0955 (high Apr.7) and finally 1.1036 (high Apr.6). On the downside, a breach of 1.0819 (low Apr.27) would target 1.0789 (low Apr.24) en route to 1.0773 (21-d MA).
EUR/USD boosted by Greece news
Greek headlines have bolstered the pair’s upside today, in an otherwise apathetic start of the week. In fact, the Greek government has announced a re-shuffle of the negotiating party early in the European morning, after the recent setback at the Eurogroup meeting in Riga casted a mantle of doubt regarding the ability of finmin Y.Varoufakis to carry on (succeed?) with the debt talks.
The announcements triggered a wave of buying interest in the single currency, helping spot to bounce off the 1.0820 area to fresh highs near 1.0930.
EUR/USD levels to consider
At the moment the pair is advancing 0.10% at 1.0883 with the next resistance at 1.0928 (high Apr.27) followed by 1.0955 (high Apr.7) and finally 1.1036 (high Apr.6). On the downside, a breach of 1.0819 (low Apr.27) would target 1.0789 (low Apr.24) en route to 1.0773 (21-d MA).