10 Feb 2015
EUR/USD stabilizing in the low-1.1300s
FXStreet (Edinburgh) -The single currency is retreating marginally vs. the greenback during the European evening, with EUR/USD hovering over 1.1315/10.
EUR/USD eyes on Eurogroup
The pair is looking to consolidate around current levels - recovering from intraday troughs in the vicinity of 1.1280 - while market participants shift their focus on the emergency meeting by the Eurogroup due tomorrow. Against the broader backdrop of the re-negotiation of the Greek debt, euro area finance ministers will assess the recent developments and possible scenarios for the Hellenic Republic, taking into consideration as well the ‘bridge-loan’ suggested by PM A.Tsipras.
EUR/USD key levels
At the moment the pair is down 0.06% at 1.1315 and a breakdown of 1.1270 (low Feb.9) would expose 1.1262 (low Jan.29) and finally 1.1224 (low Jan.27). On the upside, the initial hurdle lines up at 1.3151 (10-d MA) ahead of 1.1359 (high Feb.9) and then 1.1400 (psychological level).
EUR/USD eyes on Eurogroup
The pair is looking to consolidate around current levels - recovering from intraday troughs in the vicinity of 1.1280 - while market participants shift their focus on the emergency meeting by the Eurogroup due tomorrow. Against the broader backdrop of the re-negotiation of the Greek debt, euro area finance ministers will assess the recent developments and possible scenarios for the Hellenic Republic, taking into consideration as well the ‘bridge-loan’ suggested by PM A.Tsipras.
EUR/USD key levels
At the moment the pair is down 0.06% at 1.1315 and a breakdown of 1.1270 (low Feb.9) would expose 1.1262 (low Jan.29) and finally 1.1224 (low Jan.27). On the upside, the initial hurdle lines up at 1.3151 (10-d MA) ahead of 1.1359 (high Feb.9) and then 1.1400 (psychological level).