23 Mar 2015
EUR/USD advances towards 1.0840
FXStreet (Edinburgh) -The single currency is now looking to extends its momentum above the 1.0800 handle at the beginning of the week, with EUR/USD hovering over 1.0830/40.
EUR/USD attention to Draghi, Greece
It seems the pair has already digested last week’s FOMC meeting, although the greenback is still adjusting to the updated Fed’s dots plot and projections. Ahead in the session, Draghi will testify before the European Parliament’s Economic and Monetary Affairs committee ahead of the key meeting between Chancellor A.Merkel and PM A.Tsipras against the backdrop of the debt re-negotiation.
In the data front, preliminary EMU’s Consumer Confidence for the month of March is only due, with consensus at -5.95 from -6.70.
EUR/USD relevant levels
As of writing the pair is up 0.04% at 1.0827 with the next resistance at 1.0883 (high Mar.23) ahead of 1.0919 (21-d MA) and then 1.0920 (high Mar.19). On the flip side, a break below 1.0699 (100-h MA) would aim for 1.0670 (10-d MA) and finally 1.0650 (low Mar.20).
EUR/USD attention to Draghi, Greece
It seems the pair has already digested last week’s FOMC meeting, although the greenback is still adjusting to the updated Fed’s dots plot and projections. Ahead in the session, Draghi will testify before the European Parliament’s Economic and Monetary Affairs committee ahead of the key meeting between Chancellor A.Merkel and PM A.Tsipras against the backdrop of the debt re-negotiation.
In the data front, preliminary EMU’s Consumer Confidence for the month of March is only due, with consensus at -5.95 from -6.70.
EUR/USD relevant levels
As of writing the pair is up 0.04% at 1.0827 with the next resistance at 1.0883 (high Mar.23) ahead of 1.0919 (21-d MA) and then 1.0920 (high Mar.19). On the flip side, a break below 1.0699 (100-h MA) would aim for 1.0670 (10-d MA) and finally 1.0650 (low Mar.20).