16 Feb 2015
EUR/USD back around 1.1400
FXStreet (Edinburgh) - The European currency is clinging to the positive ground vs. the US dollar on Monday, with EUR/USD now returning to the 1.1400 neighbourhood.
EUR/USD near 1.1400, Eurogroup looms
Spot remains in a sideline pattern ahead of the key second meeting between the Greek finmin Y.Varoufakis and the Eurogroup officials. Despite opinions remain pretty divided in regard of the probable outcome, market participants do agree that another meeting could be necessary later this month.
Ahead in the week, the FOMC minutes on Wednesday and the ECB ‘accounts’ (its version of the minutes) will set the pace in the pair.
EUR/USD levels to consider
At the moment the pair is up 0.05% at 1.1405 facing the next up barrier at 1.1443 (high Feb.13) ahead of 1.1485 (Kijun Sen) and finally 1.1499 (high Feb.5). On the downside, a drop beyond 1.1380 (low Feb.16) would open the door to 1.1367 (200-h MA) and then 1.1303 (low Feb.12).
EUR/USD near 1.1400, Eurogroup looms
Spot remains in a sideline pattern ahead of the key second meeting between the Greek finmin Y.Varoufakis and the Eurogroup officials. Despite opinions remain pretty divided in regard of the probable outcome, market participants do agree that another meeting could be necessary later this month.
Ahead in the week, the FOMC minutes on Wednesday and the ECB ‘accounts’ (its version of the minutes) will set the pace in the pair.
EUR/USD levels to consider
At the moment the pair is up 0.05% at 1.1405 facing the next up barrier at 1.1443 (high Feb.13) ahead of 1.1485 (Kijun Sen) and finally 1.1499 (high Feb.5). On the downside, a drop beyond 1.1380 (low Feb.16) would open the door to 1.1367 (200-h MA) and then 1.1303 (low Feb.12).