19 Feb 2015
EUR/USD looks to regains 1.1400
FXStreet (Edinburgh) - After dropping to session troughs around the mid-1.1300s, EUR/USD is now extending the bounce to the 1.1380/85 region.
EUR/USD ignored US data, Greece focused
The pair paid no attention to the better-than-expected weekly report on the US labour market, where Initial Claims dropped to 283K in the week ended on February 13th from 304K in the previous week.
Next of relevance in the region will be the flash Consumer Confidence for the present month, expected at -7.55 from -8.50, ahead of BuBa’s J.Weidmann speech.
EUR/USD significant levels
As of writing the pair is losing 0.14% at 1.1382 and a breach of 1.1355 (low Feb.19) 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 ignored US data, Greece focused
The pair paid no attention to the better-than-expected weekly report on the US labour market, where Initial Claims dropped to 283K in the week ended on February 13th from 304K in the previous week.
Next of relevance in the region will be the flash Consumer Confidence for the present month, expected at -7.55 from -8.50, ahead of BuBa’s J.Weidmann speech.
EUR/USD significant levels
As of writing the pair is losing 0.14% at 1.1382 and a breach of 1.1355 (low Feb.19) 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).