20 Mar 2015
EUR/USD climbs near 1.0800
FXStreet (Edinburgh) - The upbeat momentum around the euro is picking up pace now, lifting EUR/USD to the area of 1.0800, or session highs.
EUR/USD firmer on Greece
The pair managed to break above the 1.0700 handle today after a brief congestion pattern in the upper-1.0600s. The single currency derived support from the optimism around Greece, while EU officials continue to wait for the list of reforms. It is worth recalling that the EU needs to approve the Greek programme in order to habilitate bailout funds.
EUR/USD levels to consider
At the moment the pair is up 1.23% at 1.0789 and a breakout of 1.0800 (psychological level) would target 1.0920 (high Mar.19) and then 1.0940 (21-d MA). On the downside, the immediate support lines up at 1.0650 (hourly low Mar.20) followed by 1.0635 (100-h MA) and finally 1.0613 (low Mar.19).
EUR/USD firmer on Greece
The pair managed to break above the 1.0700 handle today after a brief congestion pattern in the upper-1.0600s. The single currency derived support from the optimism around Greece, while EU officials continue to wait for the list of reforms. It is worth recalling that the EU needs to approve the Greek programme in order to habilitate bailout funds.
EUR/USD levels to consider
At the moment the pair is up 1.23% at 1.0789 and a breakout of 1.0800 (psychological level) would target 1.0920 (high Mar.19) and then 1.0940 (21-d MA). On the downside, the immediate support lines up at 1.0650 (hourly low Mar.20) followed by 1.0635 (100-h MA) and finally 1.0613 (low Mar.19).