18 Feb 2015
EUR/USD wavers around 1.1400
FXStreet (Mumbai) - EUR/USD steadied in the Asian morning, shaving-off downbeat US macro data-led gains from the previous session as lingering concerns over Greek debt obligations re-surfaced.
EUR/USD rises from 1.1398 levels
The EUR/USD now trades flat by -0.07% at 1.1403, with a low of 1.1398 and high of 1.1406 levels. EUR/USD reversed overnight gains, although held steady supported by a weaker greenback after New York Manufacturing Index released in the US last session dragged the USD lower. The EUR/USD is expected to remain pressured amid looming uncertainties surrounding Greece’s bailout and a possible Grexit which may drag the euro across the board.
Meanwhile, traders now shift their attention towards US economic releases due later in the day, in absence of significant Euro zone data for further momentum on the main currency pair.
EUR/USD Technical Levels
The pair has an immediate resistance at 1.1449 (Feb 17 High) levels, above which gains could be extended to 1.1488 (Feb 6 High) levels. On the flip side, support is seen at 1.1322 (Feb 17 Low) levels, below which it could extend losses to 1.1300 levels.
EUR/USD rises from 1.1398 levels
The EUR/USD now trades flat by -0.07% at 1.1403, with a low of 1.1398 and high of 1.1406 levels. EUR/USD reversed overnight gains, although held steady supported by a weaker greenback after New York Manufacturing Index released in the US last session dragged the USD lower. The EUR/USD is expected to remain pressured amid looming uncertainties surrounding Greece’s bailout and a possible Grexit which may drag the euro across the board.
Meanwhile, traders now shift their attention towards US economic releases due later in the day, in absence of significant Euro zone data for further momentum on the main currency pair.
EUR/USD Technical Levels
The pair has an immediate resistance at 1.1449 (Feb 17 High) levels, above which gains could be extended to 1.1488 (Feb 6 High) levels. On the flip side, support is seen at 1.1322 (Feb 17 Low) levels, below which it could extend losses to 1.1300 levels.