18 Feb 2015
EUR/USD regains 1.1400 on Fed minutes
FXStreet (Edinburgh) - EUR/USD is back to the 1.1400 neighbourhood following the release of the FOMC minutes from the January 27-28 meeting.
EUR/USD bounces off 1.1340
The euro saw it buying interest reviving after a softer tone from the FOMC minutes today. Many members of the Committee decided to keep current low rates for longer, and agreed that the policy should be vigilant on upcoming data; in addition, some members expressed concerns regarding the USD strength and global worsening conditions stemming mainly from China, Ukraine, Greece and the Mideast.
In another direction, the ECB decided to increase its ELA oriented to Greek banks by €8.3 billion to €68.3 billion for two weeks.
EUR/US key levels
At the moment the pair is losing 0.26% at 1.1387 with the next support at 1.1320 (low Feb.16) ahead of 1.1303 (low Feb.12) and finally 1.1300 (psychological handle). 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 bounces off 1.1340
The euro saw it buying interest reviving after a softer tone from the FOMC minutes today. Many members of the Committee decided to keep current low rates for longer, and agreed that the policy should be vigilant on upcoming data; in addition, some members expressed concerns regarding the USD strength and global worsening conditions stemming mainly from China, Ukraine, Greece and the Mideast.
In another direction, the ECB decided to increase its ELA oriented to Greek banks by €8.3 billion to €68.3 billion for two weeks.
EUR/US key levels
At the moment the pair is losing 0.26% at 1.1387 with the next support at 1.1320 (low Feb.16) ahead of 1.1303 (low Feb.12) and finally 1.1300 (psychological handle). 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).