10 Mar 2015
EUR/USD remains in lows near 1.0750
FXStreet (Edinburgh) - The European currency extends its slide on Tuesday, with EUR/USD dropping to the 1.0750/40 area, levels last seen in September 2003.
EUR/USD eyes on Greece
The pair remains entrenched into the negative ground, retreating for the third consecutive week after hitting February peaks in the 1.1530 region. The solid pace of the greenback continues to be the main driver behind the EUR slump, although the re-emergence of Greek jitters as of late is also collaborating with the downside.
Nothing of relevance in the data space from the euro region, with only Greek headlines and the Eurogroup meeting stealing the show today. Across the pond, Business Optimism tracked by NFIB Index will be the main highlight.
EUR/USD relevant levels
As of writing the pair is losing 0.88% at 1.0756 and a breakdown of 1.0735 (12-year low Mar.10) would target 1.0502 (low Mar. 21 2003) and finally 1.0335 (2003 low. Jan.3). On the flip side, the initial hurdle lines up at 1.0855 (hourly high Mar.10) followed by 1.0906 (high Mar.9) and then 1.1033 (high Mar.6).
EUR/USD eyes on Greece
The pair remains entrenched into the negative ground, retreating for the third consecutive week after hitting February peaks in the 1.1530 region. The solid pace of the greenback continues to be the main driver behind the EUR slump, although the re-emergence of Greek jitters as of late is also collaborating with the downside.
Nothing of relevance in the data space from the euro region, with only Greek headlines and the Eurogroup meeting stealing the show today. Across the pond, Business Optimism tracked by NFIB Index will be the main highlight.
EUR/USD relevant levels
As of writing the pair is losing 0.88% at 1.0756 and a breakdown of 1.0735 (12-year low Mar.10) would target 1.0502 (low Mar. 21 2003) and finally 1.0335 (2003 low. Jan.3). On the flip side, the initial hurdle lines up at 1.0855 (hourly high Mar.10) followed by 1.0906 (high Mar.9) and then 1.1033 (high Mar.6).