13 Feb 2015
EUR/USD rises back above 1.1400
FXStreet (Córdoba) - EUR/USD regained the 1.1400 level and climbed toward daily highs after disappointing US confidence data, while Greece and Ukraine remain the key drivers.
EUR/USD jumped to a high of 1.1430 but stalled ahead of European session high of 1.1442 and pulled back slightly. At time of writing, the pair is trading at the 1.1420 zone, 0.18% above its opening price.
US data has had little effect on the dollar Friday, as markets remain focused on European developments. The Reuters/Michigan consumer confidence index came in at 93.6 in February, adding some presure on the greenback.
EUR/USD technical levels
On the upside, EUR/USD could find immediate resistances 1.1442 (daily high), 1.1485 (Feb 5 & 6 highs) and 1.1500 (psychological level), while supports are seen at 1.1379 (daily low), 1.1301/00 (Feb 12 low/psychological level) and 1.1279 (Feb 11 low).
EUR/USD jumped to a high of 1.1430 but stalled ahead of European session high of 1.1442 and pulled back slightly. At time of writing, the pair is trading at the 1.1420 zone, 0.18% above its opening price.
US data has had little effect on the dollar Friday, as markets remain focused on European developments. The Reuters/Michigan consumer confidence index came in at 93.6 in February, adding some presure on the greenback.
EUR/USD technical levels
On the upside, EUR/USD could find immediate resistances 1.1442 (daily high), 1.1485 (Feb 5 & 6 highs) and 1.1500 (psychological level), while supports are seen at 1.1379 (daily low), 1.1301/00 (Feb 12 low/psychological level) and 1.1279 (Feb 11 low).