11 Feb 2015
EUR/USD flat above 1.1300
FXStreet (Edinburgh) - The single currency is trading around yesterday’s close vs. the US dollar, with EUR/USD hovering over 1.1315/20.
EUR/USD focus on Eurogroup
Greece remains in the centre of attention on Wednesday. Market participants will look for any developments regarding the Greek debt situation coming from the Eurogroup emergency meeting due later on today and the EU Leaders’ Summit tomorrow, all amidst increasing cautiousness amongst traders.
There are no data releases in the euro area scheduled for today, whereas Mortgage Applications published by MBA and a speech by Fed’s Fischer are due across the pond.
EUR/USD key levels
As of writing the pair is losing 0.01% at 1.1314 with the immediate support at 1.1270 (low Feb.9) ahead of 1.1262 (low Jan.29) and finally 1.1224 (low Jan.27). On the upside, a breakout of 1.3151 (10-d MA) would open the door to 1.1359 (high Feb.9) and then 1.1400 (psychological level).
EUR/USD focus on Eurogroup
Greece remains in the centre of attention on Wednesday. Market participants will look for any developments regarding the Greek debt situation coming from the Eurogroup emergency meeting due later on today and the EU Leaders’ Summit tomorrow, all amidst increasing cautiousness amongst traders.
There are no data releases in the euro area scheduled for today, whereas Mortgage Applications published by MBA and a speech by Fed’s Fischer are due across the pond.
EUR/USD key levels
As of writing the pair is losing 0.01% at 1.1314 with the immediate support at 1.1270 (low Feb.9) ahead of 1.1262 (low Jan.29) and finally 1.1224 (low Jan.27). On the upside, a breakout of 1.3151 (10-d MA) would open the door to 1.1359 (high Feb.9) and then 1.1400 (psychological level).