17 Feb 2015
EUR/USD wavers around 1.1400
FXStreet (Córdoba) - EUR/USD is struggling to regain the 1.1400 level after finding resistance at the 1.1450 zone and pulling back at the beginning of the New York session.
The euro staged an impressive comeback on Tuesday showing resilience despite the stalemate in EU/Greek talks as the deadline for reaching an agreement looms. Against the dollar, the shared currency reached its highest level in 11 days at 1.1448 but lost momentum and gave up some of its intraday gains afterwards.
With the downside contained by 1.1380, EUR/USD has spent the last hours trading erratically around 1.1400, recording a 0.44% gain on the day.
Following up on Greece, Prime Minister Tsipras reiterated today Athens will not agree to a bailout extension but said they will stay in the Eurozone, there is no “plan B”. Meanwhile, a Reuters story suggested the ECB is unlikely to remove the Emergency Liquidity Assistance (ELA) to Greek banks.
The euro staged an impressive comeback on Tuesday showing resilience despite the stalemate in EU/Greek talks as the deadline for reaching an agreement looms. Against the dollar, the shared currency reached its highest level in 11 days at 1.1448 but lost momentum and gave up some of its intraday gains afterwards.
With the downside contained by 1.1380, EUR/USD has spent the last hours trading erratically around 1.1400, recording a 0.44% gain on the day.
Following up on Greece, Prime Minister Tsipras reiterated today Athens will not agree to a bailout extension but said they will stay in the Eurozone, there is no “plan B”. Meanwhile, a Reuters story suggested the ECB is unlikely to remove the Emergency Liquidity Assistance (ELA) to Greek banks.