2 Feb 2015
EUR/USD stabilizing around 1.1330
FXStreet (Edinburgh) - The shared currency keeps the gains vs. the dollar in the European evening, taking EUR/USD to the area of 1.1330.
EUR/USD bolstered by risk
The pair trades within 1.1300 and 1.1360, as markets remain slightly tilted towards the risk-on trade. Mixed data from the euro area and the US economy failed to spark any sustainable move in either direction. It seems investors’ attention is gradually turning to Friday’s US Payrolls as the next market-mover, leaving spot well poised for a consolidative range in the upcoming sessions.
Adding to the sideline pattern, the pair has ignored the appreciations by ECB’s officials E.Nowotny and Noyer, stressing that the markets are not expecting a break up of the euro area and that it could be possible to change the debt conditions in Greece. In addition, Nowotny did not rule out an extension of negative consumer prices in the euro bloc in the upcoming periods.
EUR/USD levels to consider
As of writing the pair is advancing 0.28% 1.1332 and a surpass of 1.1368 (high Jan.29) would open the door to 1.1384 (high Jan.28) and then 1.1400 (psychological handle). On the flip side, the immediate support lines up at 1.1262 (low Jan.29) ahead of 1.1261 (50% of 1.1098-1.1423) and then 1.1200 (psychological level).
EUR/USD bolstered by risk
The pair trades within 1.1300 and 1.1360, as markets remain slightly tilted towards the risk-on trade. Mixed data from the euro area and the US economy failed to spark any sustainable move in either direction. It seems investors’ attention is gradually turning to Friday’s US Payrolls as the next market-mover, leaving spot well poised for a consolidative range in the upcoming sessions.
Adding to the sideline pattern, the pair has ignored the appreciations by ECB’s officials E.Nowotny and Noyer, stressing that the markets are not expecting a break up of the euro area and that it could be possible to change the debt conditions in Greece. In addition, Nowotny did not rule out an extension of negative consumer prices in the euro bloc in the upcoming periods.
EUR/USD levels to consider
As of writing the pair is advancing 0.28% 1.1332 and a surpass of 1.1368 (high Jan.29) would open the door to 1.1384 (high Jan.28) and then 1.1400 (psychological handle). On the flip side, the immediate support lines up at 1.1262 (low Jan.29) ahead of 1.1261 (50% of 1.1098-1.1423) and then 1.1200 (psychological level).