11 Feb 2015
EUR/USD keeps the range above 1.1300
FXStreet (Edinburgh) - The generalized lack of clear direction in the markets is keeping EUR/USD around the 1.1310/20 band on Wednesday.
EUR/USD flat, attention on Eurogroup
Markets remain flat and volatility scarce during the European morning, with market participants waiting for the events coming from the Eurogroup meeting as the main catalysts for the price action in the very near term.
In the meantime, traders remain cautious ahead of the Greek proposal and its acceptance by the rest of the euro area officials, with consensus widely split regarding the potential outcome.
EUR/USD key levels
As of writing the pair is losing 0.02% at 1.1313 with the immediate support at 1.1270 (low Feb.9) ahead of 1.1262 (low Jan.29) and finally 1.1224 (low Jan.27). On the upside, a breakout of 1.3151 (10-d MA) would open the door to 1.1359 (high Feb.9) and then 1.1400 (psychological level).
EUR/USD flat, attention on Eurogroup
Markets remain flat and volatility scarce during the European morning, with market participants waiting for the events coming from the Eurogroup meeting as the main catalysts for the price action in the very near term.
In the meantime, traders remain cautious ahead of the Greek proposal and its acceptance by the rest of the euro area officials, with consensus widely split regarding the potential outcome.
EUR/USD key levels
As of writing the pair is losing 0.02% at 1.1313 with the immediate support at 1.1270 (low Feb.9) ahead of 1.1262 (low Jan.29) and finally 1.1224 (low Jan.27). On the upside, a breakout of 1.3151 (10-d MA) would open the door to 1.1359 (high Feb.9) and then 1.1400 (psychological level).