16 Feb 2015
EUR/USD regains 1.1400 and beyond
FXStreet (Edinburgh) - EUR/USD returned above the 1.1400 handle on Monday, leaving behind he ephemeral visit to the 1.1390 area.
EUR/USD focus on Greece
While market participants remain focused on the upcoming Eurogroup-Greece meeting, the BundesBank released its monthly report. The German lender stressed that it is ‘understandable’ that Germany’s economic growth forecasts are higher, adding that the economy grew at a ‘remarkable’ pace at the end of last year. The bank also expects consumer prices to step into negative territory in the upcoming months.
EUR/USD levels to consider
At the moment the pair is up 0.16% at 1.1417 facing the next up barrier at 1.1443 (high Feb.13) ahead of 1.1485 (Kijun Sen) and finally 1.1499 (high Feb.5). On the downside, a drop beyond 1.1380 (low Feb.16) would open the door to 1.1367 (200-h MA) and then 1.1303 (low Feb.12).
EUR/USD focus on Greece
While market participants remain focused on the upcoming Eurogroup-Greece meeting, the BundesBank released its monthly report. The German lender stressed that it is ‘understandable’ that Germany’s economic growth forecasts are higher, adding that the economy grew at a ‘remarkable’ pace at the end of last year. The bank also expects consumer prices to step into negative territory in the upcoming months.
EUR/USD levels to consider
At the moment the pair is up 0.16% at 1.1417 facing the next up barrier at 1.1443 (high Feb.13) ahead of 1.1485 (Kijun Sen) and finally 1.1499 (high Feb.5). On the downside, a drop beyond 1.1380 (low Feb.16) would open the door to 1.1367 (200-h MA) and then 1.1303 (low Feb.12).