27 Feb 2015
EUR/USD just above 1.1200
FXStreet (Edinburgh) - The shared currency keeps initial gains vs. the dollar at the end of the week, with EUR/USD hovering over 1.1215/20.
EUR/USD eyes on the Bundestag
The German vote on the 4-month extension of the Greek bailout will be the main event in Euroland during the morning, although a positive outcome is not only expected but also already priced in by the markets. Inflation figures in Germany will also be on tap later, with consensus expecting the CPI to have gained 0.7% MoM and -0.2% on a year to February. The release, however, lost relevance after the ECB recently announced its QE programme, due to kick in next week.
Across the pond, another revision of the Q4 GDP Annualized, Chicago manufacturing PMI and the Reuters/Michigan index will be the main highlights today.
EUR/USD relevant levels
As of writing the pair is advancing 0.11% at 1.1211 with the next hurdle at 1.1300 (psychological level) followed by 1.1335 (10-d MA) and finally 1.1350 (21-d MA). On the downside, a dip beyond 1.1184 (low Feb.26) would expose 1.1098 (11-year low Jan.26) and then 1.1047 (low Sep.8 2003).
EUR/USD eyes on the Bundestag
The German vote on the 4-month extension of the Greek bailout will be the main event in Euroland during the morning, although a positive outcome is not only expected but also already priced in by the markets. Inflation figures in Germany will also be on tap later, with consensus expecting the CPI to have gained 0.7% MoM and -0.2% on a year to February. The release, however, lost relevance after the ECB recently announced its QE programme, due to kick in next week.
Across the pond, another revision of the Q4 GDP Annualized, Chicago manufacturing PMI and the Reuters/Michigan index will be the main highlights today.
EUR/USD relevant levels
As of writing the pair is advancing 0.11% at 1.1211 with the next hurdle at 1.1300 (psychological level) followed by 1.1335 (10-d MA) and finally 1.1350 (21-d MA). On the downside, a dip beyond 1.1184 (low Feb.26) would expose 1.1098 (11-year low Jan.26) and then 1.1047 (low Sep.8 2003).