9 Mar 2015
EUR/USD retreats from 1.0900
FXStreet (Edinburgh) - After hitting session highs in the vicinity of 1.0900 the figure, EUR/USD is now returning to the 1.0880/75 band.
EUR/USD focus on Eurogroup, Greece
The pair remains on the positive footing at the beginning of the week, although recent Greek developments and the upcoming Eurogroup meeting could spark some volatility ahead in the day.
In the data space, German trade surplus shrunk to €19.7 billion in January and the Sentix index climbed to 18.6 for the current month. Across the pond, the Labor Market Condition Index for the month of February will be in the limelight following the recent US Payrolls (295K in February).
EUR/USD key levels
As of writing the pair is advancing 0.24% at 1.0876 and a breakout of 1.0900 (psychological level) would expose 1.1033 (high Mar.6) and then 1.1041 (100-h MA). On the flip side, the initial support aligns at 1.0809 (low Sep.4 2003) ahead of 1.0800 (psychological level) and then 1.0762 (low Sep.3 2003).
EUR/USD focus on Eurogroup, Greece
The pair remains on the positive footing at the beginning of the week, although recent Greek developments and the upcoming Eurogroup meeting could spark some volatility ahead in the day.
In the data space, German trade surplus shrunk to €19.7 billion in January and the Sentix index climbed to 18.6 for the current month. Across the pond, the Labor Market Condition Index for the month of February will be in the limelight following the recent US Payrolls (295K in February).
EUR/USD key levels
As of writing the pair is advancing 0.24% at 1.0876 and a breakout of 1.0900 (psychological level) would expose 1.1033 (high Mar.6) and then 1.1041 (100-h MA). On the flip side, the initial support aligns at 1.0809 (low Sep.4 2003) ahead of 1.0800 (psychological level) and then 1.0762 (low Sep.3 2003).