18 Feb 2015
EUR/USD wobbles around 1.1400
FXStreet (Edinburgh) - The European currency keeps the negative tone vs. the US dollar, with EUR/USD gyrating around 1.1400 the figure.
EUR/USD eyes on Greece
The pair remains within the recent narrow range, while market participants keep focusing on the events coming from Greece regarding an extension of the loan agreement. In the same front, the ECB will assess whether to extend or remove the use of the ELA by Greek banks.
In the data space, EMU’s Construction Output contracted at a seasonally adjusted 0.8% inter-month and 3.5% on a year to December. Later on during the US session, the FOMC minutes will be the main highlight in a packed calendar.
EUR/US key levels
At the moment the pair is losing 0.22% at 1.1392 with the next support at 1.1354 (200-h MA) followed by 1.1320 (low Feb.16) and finally 1.1303 (low Feb.12). On the upside, a breakout of 1.1450 (high Feb.17) would aim for 1.1486 (high Feb.6) and then 1.1499 (high Feb.5).
EUR/USD eyes on Greece
The pair remains within the recent narrow range, while market participants keep focusing on the events coming from Greece regarding an extension of the loan agreement. In the same front, the ECB will assess whether to extend or remove the use of the ELA by Greek banks.
In the data space, EMU’s Construction Output contracted at a seasonally adjusted 0.8% inter-month and 3.5% on a year to December. Later on during the US session, the FOMC minutes will be the main highlight in a packed calendar.
EUR/US key levels
At the moment the pair is losing 0.22% at 1.1392 with the next support at 1.1354 (200-h MA) followed by 1.1320 (low Feb.16) and finally 1.1303 (low Feb.12). On the upside, a breakout of 1.1450 (high Feb.17) would aim for 1.1486 (high Feb.6) and then 1.1499 (high Feb.5).