11 Feb 2015
EUR/USD holding on to 1.1300
FXStreet (Edinburgh) - EUR/USD is clinging to the 1.1300 handle on Wednesday amidst scarce volatility and increasing expectations on the Eurogroup meeting.
EUR/USD stuck at 1.1300
The pair is trading in a narrow range today, extending its congestion around the 1.1300 mark while waiting for news regarding the Eurogroup meeting and Greece.
In another direction, Dallas Fed Fischer said it is better to raise rates sooner and that the Fed should take into account the oil-induced weakness in the consumer prices.
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 1.3152 (10-d MA) would open the door to 1.1359 (high Feb.9) and then 1.1400 (psychological level).
EUR/USD stuck at 1.1300
The pair is trading in a narrow range today, extending its congestion around the 1.1300 mark while waiting for news regarding the Eurogroup meeting and Greece.
In another direction, Dallas Fed Fischer said it is better to raise rates sooner and that the Fed should take into account the oil-induced weakness in the consumer prices.
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 1.3152 (10-d MA) would open the door to 1.1359 (high Feb.9) and then 1.1400 (psychological level).