13 Feb 2015
EUR/USD finds support at 1.1400
FXStreet (Edinburgh) - The European currency is now deflating from session tops, dragging EUR/USD to test the boundaries of 1.1400 the figure.
EUR/USD attention to the US docket
The pair is clinching its third consecutive week with gains, mainly bolstered by the re-emergence of the risk appetite trends and the optimism around the Greek debt negotiations. Collaborating with the upbeat sentiment, geopolitical concerns continue to ease following yesterday’s cease-fire in Russia-Ukraine and the barrel of crude oil keeps extending its bounce.
Ahead in the session, Investor Confidence tracked by the Reuters/Michigan index and Exports/Imports Prices are due in US ahead of the speech by Fed’s R.Fischer.
EUR/USD key levels
As of writing the pair is advancing 0.04% at 1.1414 with the immediate hurdle at 1.1466 (hourly high Feb.6) ahead of 1.1485 (Kijun Sen) and finally 1.1499 (high Feb.5). On the downside, a breach of 1.1390 (21-d MA) would open the door to 1.1378 (10-d MA) and then 1.1303 (low Feb.12).
EUR/USD attention to the US docket
The pair is clinching its third consecutive week with gains, mainly bolstered by the re-emergence of the risk appetite trends and the optimism around the Greek debt negotiations. Collaborating with the upbeat sentiment, geopolitical concerns continue to ease following yesterday’s cease-fire in Russia-Ukraine and the barrel of crude oil keeps extending its bounce.
Ahead in the session, Investor Confidence tracked by the Reuters/Michigan index and Exports/Imports Prices are due in US ahead of the speech by Fed’s R.Fischer.
EUR/USD key levels
As of writing the pair is advancing 0.04% at 1.1414 with the immediate hurdle at 1.1466 (hourly high Feb.6) ahead of 1.1485 (Kijun Sen) and finally 1.1499 (high Feb.5). On the downside, a breach of 1.1390 (21-d MA) would open the door to 1.1378 (10-d MA) and then 1.1303 (low Feb.12).