19 Feb 2015
EUR/USD testing lows around 1.1360
FXStreet (Edinburgh) - The shared currency is extending its bearishness at the end of the session on Thursday, sending EUR/USD to the area of intraday lows around 1.1360.
EUR/USD weaker on Greece, PMIs eyed
The grim prospects regarding the negotiation of the Greek debt keep weighing on the pair ahead of the Eurogroup meeting scheduled for tomorrow. Spot eased almost a big-figure since today tops in the mid-1.1400s to the current 1.1360 area.
Moving forward to Friday’s docket, the preliminary prints of the manufacturing and services PMIs are due in the euro area, followed by a critical Eurogroup meeting. Across the pond, the only release will be the manufacturing PMI gauged by Markit.
EUR/USD significant levels
As of writing the pair is losing 0.34% at 1.1360 and a breach of 1.1349 (21-d MA) would aim for 1.1320 (low Feb.16) and finally 1.1303 (low Feb.12). On the upside, the initial hurdle lies at 1.1450 (high Feb.17) followed by 1.1486 (high Feb.6) and finally 1.1499 (high Feb.5).
EUR/USD weaker on Greece, PMIs eyed
The grim prospects regarding the negotiation of the Greek debt keep weighing on the pair ahead of the Eurogroup meeting scheduled for tomorrow. Spot eased almost a big-figure since today tops in the mid-1.1400s to the current 1.1360 area.
Moving forward to Friday’s docket, the preliminary prints of the manufacturing and services PMIs are due in the euro area, followed by a critical Eurogroup meeting. Across the pond, the only release will be the manufacturing PMI gauged by Markit.
EUR/USD significant levels
As of writing the pair is losing 0.34% at 1.1360 and a breach of 1.1349 (21-d MA) would aim for 1.1320 (low Feb.16) and finally 1.1303 (low Feb.12). On the upside, the initial hurdle lies at 1.1450 (high Feb.17) followed by 1.1486 (high Feb.6) and finally 1.1499 (high Feb.5).