19 Feb 2015
EUR/USD struggles near 1.1400
FXStreet (Edinburgh) - The common currency is alternating gains with losses vs. the greenback on Thursday, with EUR/USD gyrating around the key 1.1400 mark.
EUR/USD focus remains on Greece, ECB
Greece and its request for a loan extension and the emergency Eurogroup meeting scheduled for tomorrow remains in the spotlight today, with speculations mounting regarding the final terms of the Greek proposal.
In another direction, the ECB ‘accounts’ will take centre stage later. Market participants will gauge, amongst other topics, the key voting pattern regarding the already announced ‘quantitative easing’ programme.
EUR/USD levels to consider
As of writing the pair is losing 0.02% at 1.1396 and a breach of 1.1365 (200-h MA) would aim for 1.1351 (21-d MA) and then 1.1320 (low Feb.16). On the upside, the initial hurdle lies at 1.1450 (high Feb.17) followed by 1.1486 (high Feb.6) and finally 1.1499 (high Feb.5).
EUR/USD focus remains on Greece, ECB
Greece and its request for a loan extension and the emergency Eurogroup meeting scheduled for tomorrow remains in the spotlight today, with speculations mounting regarding the final terms of the Greek proposal.
In another direction, the ECB ‘accounts’ will take centre stage later. Market participants will gauge, amongst other topics, the key voting pattern regarding the already announced ‘quantitative easing’ programme.
EUR/USD levels to consider
As of writing the pair is losing 0.02% at 1.1396 and a breach of 1.1365 (200-h MA) would aim for 1.1351 (21-d MA) and then 1.1320 (low Feb.16). On the upside, the initial hurdle lies at 1.1450 (high Feb.17) followed by 1.1486 (high Feb.6) and finally 1.1499 (high Feb.5).