17 Feb 2015
EUR/USD returns above 1.1400
FXStreet (Edinburgh) - The shared currency keeps the trade around the 1.1400 handle vs. the US dollar on Tuesday, with EUR/USD hovering over 1.1400/10 so far.
EUR/USD firmer on US softness
The pair is trading on a better mood following the offered tone in the greenback and the mixed results from the EMU/Germany ZEW Survey. Recall that the Economic Sentiment component in both Germany and the euro area surpassed the previous prints for the month of February, coming in at 53.0 and 52.7, respectively.
In the meantime, Greek consumer prices deepened further into the negative ground, contracting 2.8% on a year to January.
EUR/USD key levels
At the moment the pair is up 0.52% at 1.1407 with the next hurdle at 1.1428 (high Feb.16) ahead of 1.1443 (high Feb.13) and then 1.1499 (high Feb.5). On the flip side, a breakdown of 1.1321 (low Feb.17) would expose 1.1319 (low Feb.16) and finally 1.1300 (psychological level).
EUR/USD firmer on US softness
The pair is trading on a better mood following the offered tone in the greenback and the mixed results from the EMU/Germany ZEW Survey. Recall that the Economic Sentiment component in both Germany and the euro area surpassed the previous prints for the month of February, coming in at 53.0 and 52.7, respectively.
In the meantime, Greek consumer prices deepened further into the negative ground, contracting 2.8% on a year to January.
EUR/USD key levels
At the moment the pair is up 0.52% at 1.1407 with the next hurdle at 1.1428 (high Feb.16) ahead of 1.1443 (high Feb.13) and then 1.1499 (high Feb.5). On the flip side, a breakdown of 1.1321 (low Feb.17) would expose 1.1319 (low Feb.16) and finally 1.1300 (psychological level).