17 Feb 2015
EUR/USD deflates from 1.1360
FXStreet (Edinburgh) - The single currency is now easing some ground vs. the greenback, taking EUR/USD back to the 1.1355/50 area.
EUR/USD focus on ZEW, Greece
Following the recent sharp sell off from the area of 1.1430 on Monday and with Greece taking again centre stage after the failed debt talks, the pair will look to the ZEW Survey in Germany and the euro area as the initial catalyst for prices in the very near term. Consensus expects the indicator to improve in all of its components during the current month.
In the meantime, markets across the pond will return to normalcy after yesterday’s holiday, although the releases will be second-tier: Empire State manufacturing index, Housing Market index tracked by NAHB, TIC flows and a speech by Fed’s Plosser.
EUR/USD key levels
At the moment the pair is up 0.03% at 1.1350 with the next hurdle at 1.1400 (psychological handle) ahead of 1.1443 (high Feb.13) and then 1.1499 (high Feb.5). On the flip side, a breakdown of 1.1303 (low Feb.12) would expose 1.1300 (psychological level) and finally 1.1270 (low Feb.9).
EUR/USD focus on ZEW, Greece
Following the recent sharp sell off from the area of 1.1430 on Monday and with Greece taking again centre stage after the failed debt talks, the pair will look to the ZEW Survey in Germany and the euro area as the initial catalyst for prices in the very near term. Consensus expects the indicator to improve in all of its components during the current month.
In the meantime, markets across the pond will return to normalcy after yesterday’s holiday, although the releases will be second-tier: Empire State manufacturing index, Housing Market index tracked by NAHB, TIC flows and a speech by Fed’s Plosser.
EUR/USD key levels
At the moment the pair is up 0.03% at 1.1350 with the next hurdle at 1.1400 (psychological handle) ahead of 1.1443 (high Feb.13) and then 1.1499 (high Feb.5). On the flip side, a breakdown of 1.1303 (low Feb.12) would expose 1.1300 (psychological level) and finally 1.1270 (low Feb.9).