9 Mar 2015
EUR/USD sidelined in the mid-1.08s
FXStreet (Edinburgh) - The common currency remains in a tight range on Monday, with EUR/USD hovering over 1.0850/55 following the Eurogroup meeting.
EUR/USD attention to Greece
Market participants remain sceptical so far regarding the evolution of the negotiation between Greece and the rest of the EU members, reflected by an apathetic euro. The Eurogroup now argued that Greece need to make more progress regarding the reform package recently submitted and that technical talks with its creditors will start on Wednesday, ahead of the meeting between J.C.Juncker and A.Tsipras on Friday.
EUR/USD key levels
As of writing the pair is advancing 0.07% at 1.0857 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 attention to Greece
Market participants remain sceptical so far regarding the evolution of the negotiation between Greece and the rest of the EU members, reflected by an apathetic euro. The Eurogroup now argued that Greece need to make more progress regarding the reform package recently submitted and that technical talks with its creditors will start on Wednesday, ahead of the meeting between J.C.Juncker and A.Tsipras on Friday.
EUR/USD key levels
As of writing the pair is advancing 0.07% at 1.0857 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).