23 Feb 2015
EUR/USD flattish around 1.1380
FXStreet (Mumbai) - EUR/USD trades almost unchanged below 1.14 threshold, heading towards the European opening bells as traders remain cautious ahead of Greece’s submission of a first list of reform measures to Euro group later today.
EUR/USD supported above 20-DMA located at 1.1371 levels
The EUR/USD now trades flat at 1.1380 levels, having previously posted day’s high at 1.1394 and day’s low at 1.1358 levels. EUR/USD trades flat in a tight range as markets look for a clear direction as Greece is due to submit a letter outlining the measures it plans to take in order to reform the country’s public administration and tackle Greece’s humanitarian crisis.
Meanwhile, EUR/USD is expected to trade around a flatline closely following events surrounding Greece as traders now focus on upcoming German Ifo business climate figures due later in the session.
EUR/USD Technical Levels
The pair has an immediate resistance at 1.1400 levels, above which gains could be extended to 1.1430 (Feb 20 High) levels. On the flip side, support is seen at 1.1358 (Today’s low) levels, below which it could extend losses to 1.1300 levels.
EUR/USD supported above 20-DMA located at 1.1371 levels
The EUR/USD now trades flat at 1.1380 levels, having previously posted day’s high at 1.1394 and day’s low at 1.1358 levels. EUR/USD trades flat in a tight range as markets look for a clear direction as Greece is due to submit a letter outlining the measures it plans to take in order to reform the country’s public administration and tackle Greece’s humanitarian crisis.
Meanwhile, EUR/USD is expected to trade around a flatline closely following events surrounding Greece as traders now focus on upcoming German Ifo business climate figures due later in the session.
EUR/USD Technical Levels
The pair has an immediate resistance at 1.1400 levels, above which gains could be extended to 1.1430 (Feb 20 High) levels. On the flip side, support is seen at 1.1358 (Today’s low) levels, below which it could extend losses to 1.1300 levels.