17 Feb 2015
EUR/USD climbs to highs around 1.1370
FXStreet (Edinburgh) - The shared currency is gathering traction on Tuesday, lifting EUR/USD to daily highs in the 1.1370 area.
EUR/USD eyes on ZEW
The pair seems to have left behind the pessimism that followed Monday’s meeting between Greek finmin Y.Varoufakis and the Eurogroup officials, now pushing higher to test the upper band of the intraday range. In the meantime, there could be another meeting on Friday, although it has not been confirmed yet.
Ahead in the session, Germany/EMU ZEW Survey could set the pace for the price action, at least in the very near term and until the critical release of the FOMC minutes due tomorrow.
EUR/USD key levels
At the moment the pair is up 0.24% at 1.1375 with the next hurdle at 1.1400 (psychological handle) ahead of 1.1443 (high Feb.13) and then 1.1499 (high Feb.5). On the flip side, a breakdown of 1.1303 (low Feb.12) would expose 1.1300 (psychological level) and finally 1.1270 (low Feb.9).
EUR/USD eyes on ZEW
The pair seems to have left behind the pessimism that followed Monday’s meeting between Greek finmin Y.Varoufakis and the Eurogroup officials, now pushing higher to test the upper band of the intraday range. In the meantime, there could be another meeting on Friday, although it has not been confirmed yet.
Ahead in the session, Germany/EMU ZEW Survey could set the pace for the price action, at least in the very near term and until the critical release of the FOMC minutes due tomorrow.
EUR/USD key levels
At the moment the pair is up 0.24% at 1.1375 with the next hurdle at 1.1400 (psychological handle) ahead of 1.1443 (high Feb.13) and then 1.1499 (high Feb.5). On the flip side, a breakdown of 1.1303 (low Feb.12) would expose 1.1300 (psychological level) and finally 1.1270 (low Feb.9).