12 Feb 2015
EUR/USD steadies above 1.1300
FXStreet (Mumbai) - EUR/USD remained subdued in a choppy Asian session, having dipped to session lows just ahead of 1.13 threshold after Euro group’s Dijsselbloem stated that no deal was reached at the Greece- EU meeting overnight.
Recovers from 1.1304 levels
The EUR/USD now steadies at 1.1314, down -0.18% on the day, recovering partial losses from Dijsselbloem – backed lows. EUR/USD continues to trade sideways above 1.1300 levels as no compromise was reached between Greece and EU finance ministers on Thursday over the debt-ridden nation's obligations and that the talks would resume on Monday to seek a solution over Greece’s debt-relief measures.
EUR/USD treads water ahead of a string of crucial economic releases from the Euro area later today, while traders keep a close eye on EU Economic Summit for fresh cues on the main currency pair.
EUR/USD Technical Levels
The pair has an immediate resistance at 1.1350 levels, above which gains could be extended to 1.1400 levels. On the flip side, support is seen at 1.1300 levels, below which it could extend losses to 1.1278 levels.
Recovers from 1.1304 levels
The EUR/USD now steadies at 1.1314, down -0.18% on the day, recovering partial losses from Dijsselbloem – backed lows. EUR/USD continues to trade sideways above 1.1300 levels as no compromise was reached between Greece and EU finance ministers on Thursday over the debt-ridden nation's obligations and that the talks would resume on Monday to seek a solution over Greece’s debt-relief measures.
EUR/USD treads water ahead of a string of crucial economic releases from the Euro area later today, while traders keep a close eye on EU Economic Summit for fresh cues on the main currency pair.
EUR/USD Technical Levels
The pair has an immediate resistance at 1.1350 levels, above which gains could be extended to 1.1400 levels. On the flip side, support is seen at 1.1300 levels, below which it could extend losses to 1.1278 levels.