13 Feb 2015
EUR/USD wobbling below 1.1400
FXStreet (Edinburgh) - EUR/USD is now easing some ground and returning to sub-1.1400 levels as markets enter the last part of the US session on Friday.
EUR/USD eyes on the Eurogroup, Fed, ECB
Very interesting calendar awaits the single currency next week: starting on Monday with the second round of negotiations between the Eurogroup and Greek officials, followed by the ZEW Survey on Tuesday, FOMC minutes on Wednesday and the first release of ECB ‘accounts’ on Thursday (ECB’s version of the minutes). The preliminary prints of manufacturing/services PMIs are also due on Friday.
Spot is closing another positive week bolstered by the increasing risk-on sentiment, although the above mentioned events will surely put the ongoing upside to the test.
EUR/USD significant levels
The pair is now losing 0.17% at 1.1390. The immediate support aligns at 1.1380 (low Feb.13) ahead of 1.1378 (10-d MA) and then 1.1303 (low Feb.12). On the flip side, the initial up barrier stands at 1.1466 (hourly high Feb.6) followed by 1.1486 (high Feb.6) and finally 1.1499 (high Feb.5).
EUR/USD eyes on the Eurogroup, Fed, ECB
Very interesting calendar awaits the single currency next week: starting on Monday with the second round of negotiations between the Eurogroup and Greek officials, followed by the ZEW Survey on Tuesday, FOMC minutes on Wednesday and the first release of ECB ‘accounts’ on Thursday (ECB’s version of the minutes). The preliminary prints of manufacturing/services PMIs are also due on Friday.
Spot is closing another positive week bolstered by the increasing risk-on sentiment, although the above mentioned events will surely put the ongoing upside to the test.
EUR/USD significant levels
The pair is now losing 0.17% at 1.1390. The immediate support aligns at 1.1380 (low Feb.13) ahead of 1.1378 (10-d MA) and then 1.1303 (low Feb.12). On the flip side, the initial up barrier stands at 1.1466 (hourly high Feb.6) followed by 1.1486 (high Feb.6) and finally 1.1499 (high Feb.5).