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23 Feb 2015
EUR/USD puts 1.1300 to the test
FXStreet (Edinburgh) - The offered tone remains intact around the common currency at the beginning of the week, relegating EUR/USD to re-visit the vicinity of 1.1300 the figure.
EUR/USD attention to Greece
Spot remains on the back footing on Monday, prolonging its descent from last Friday’s tops in the mid-1.1400s following the Greece-Eurogroup agreement. In the meantime, stock markets are on their way to fresh highs in Euroland bolstered by the increasing optimism around Greece.
In the data space, the German IFO indicator disappointed investors today coming in below expectations for the current month. In the meantime, traders keep waiting for the Greece government to submit the reforms requested by the EU officials, in what will be the main topic ahead in the session.
EUR/USD levels to consider
As of writing the pair is retreating 0.64% at 1.1303 and a breakdown of 1.1300 (psychological level) would aim for 1.1278 9low Feb.20) and finally 1.1270 (low Feb.9). On the upside, the initial barrier aligns at 1.1430 (high Feb.20) followed by 1.1450 (high Feb.19) and then 1.1486 (high Feb.6).
EUR/USD attention to Greece
Spot remains on the back footing on Monday, prolonging its descent from last Friday’s tops in the mid-1.1400s following the Greece-Eurogroup agreement. In the meantime, stock markets are on their way to fresh highs in Euroland bolstered by the increasing optimism around Greece.
In the data space, the German IFO indicator disappointed investors today coming in below expectations for the current month. In the meantime, traders keep waiting for the Greece government to submit the reforms requested by the EU officials, in what will be the main topic ahead in the session.
EUR/USD levels to consider
As of writing the pair is retreating 0.64% at 1.1303 and a breakdown of 1.1300 (psychological level) would aim for 1.1278 9low Feb.20) and finally 1.1270 (low Feb.9). On the upside, the initial barrier aligns at 1.1430 (high Feb.20) followed by 1.1450 (high Feb.19) and then 1.1486 (high Feb.6).