11 Feb 2015
EUR/USD at daily lows as Eurogroup meeting gets underway
FXStreet (Córdoba) - Following a brief bounce attempt, EUR/USD came under renewed pressure and dropped to fresh daily lows as Eurogroup meeting gets underway, with Greek debt negotiations taking center stage.
EUR/USD dropped to a marginal new low of 1.1281, but remained overall within its recent range. At time of writing, the pair is trading at 1.1285, recording a 0.3% loss on the day. All attention now turns to the Eurozone FinMin meeting, with a statement expected around 19:00 GMT. On Thursday, EU leaders are also due to meet on Greece's debt situation.
EUR/USD levels to watch
As for technical levels, EUR/USD could find immediate supports at 1.1269 (Feb 9 low) and 1.1223 (Jan 27 low). On the flip side, resistances line up at 1.1330 (daily high) and 1.1395 (21-day SMA).
EUR/USD dropped to a marginal new low of 1.1281, but remained overall within its recent range. At time of writing, the pair is trading at 1.1285, recording a 0.3% loss on the day. All attention now turns to the Eurozone FinMin meeting, with a statement expected around 19:00 GMT. On Thursday, EU leaders are also due to meet on Greece's debt situation.
EUR/USD levels to watch
As for technical levels, EUR/USD could find immediate supports at 1.1269 (Feb 9 low) and 1.1223 (Jan 27 low). On the flip side, resistances line up at 1.1330 (daily high) and 1.1395 (21-day SMA).