25 Feb 2015
EUR/USD deflates from 1.1390
FXStreet (Edinburgh) - After climbing to the vicinity of 1.1400 the figure, EUR/USD is now easing to the 1.1360 area.
EUR/USD better on risk-on sentiment
The pair managed to leave recent lows in the 1.1300 area, climbing as high as 1.1390 early in the European morning. Spot remains supported by the better sentiment around the risk appetite following the neutral-to-dovish tone from Yellen’s testimony yesterday.
Empty docket in the euro region and with Greece headlines on the secondary role, the presence of ECB President Mario Draghi in the European Parliament will be the main highlight today, ahead of Yellen’s second testimony and US New Home Sales.
EUR/USD levels to consider
As of writing the pair is up 0.09% at 1.1358 with the initial hurdle at 1.1400 (psychological level) ahead of 1.1430 (high Feb.20) followed by 1.1450 (high Feb.19). On the downside, a break below 1.1288 (low Feb.24) would target 1.1278 (low Feb.20) en route to 1.1270 (low Feb.9).
EUR/USD better on risk-on sentiment
The pair managed to leave recent lows in the 1.1300 area, climbing as high as 1.1390 early in the European morning. Spot remains supported by the better sentiment around the risk appetite following the neutral-to-dovish tone from Yellen’s testimony yesterday.
Empty docket in the euro region and with Greece headlines on the secondary role, the presence of ECB President Mario Draghi in the European Parliament will be the main highlight today, ahead of Yellen’s second testimony and US New Home Sales.
EUR/USD levels to consider
As of writing the pair is up 0.09% at 1.1358 with the initial hurdle at 1.1400 (psychological level) ahead of 1.1430 (high Feb.20) followed by 1.1450 (high Feb.19). On the downside, a break below 1.1288 (low Feb.24) would target 1.1278 (low Feb.20) en route to 1.1270 (low Feb.9).