24 Feb 2015
EUR/USD consolidates at mid-range
FXStreet (Córdoba) - EUR/USD settled at mid range after oscillating sharply driven by Fed’s Yellen speech, which initially sent the pair to a low of 1.1288 only to climb to a high of 1.1358.
As the dust settled and investors realize Fed’s Chairwoman remained ambiguous about the central bank’s path, EUR/USD settled in a tighter range, where it has spent the last hours. At time of writing, the pair is trading at 1.1345, just a few pips above its opening price.
In the meantime in the Greek saga, the Eurogroup approved Greece’s list of reforms measures as a fair starting point, although not without criticism from the IMF and the ECB, which demanded concrete proposals and commitments that can be assessed by the institutions.
EUR/USD technical perspective
The technical perspective for the pair in the short term, remains neutral-to-bearish, according to Valeria Bednarik, chief analyst at FXStreet. The analyst locates next resistances at 1.1380, 1.1430 and 1.1465, while she places supports at 1.1320, 1.1280 and 1.1250.
As the dust settled and investors realize Fed’s Chairwoman remained ambiguous about the central bank’s path, EUR/USD settled in a tighter range, where it has spent the last hours. At time of writing, the pair is trading at 1.1345, just a few pips above its opening price.
In the meantime in the Greek saga, the Eurogroup approved Greece’s list of reforms measures as a fair starting point, although not without criticism from the IMF and the ECB, which demanded concrete proposals and commitments that can be assessed by the institutions.
EUR/USD technical perspective
The technical perspective for the pair in the short term, remains neutral-to-bearish, according to Valeria Bednarik, chief analyst at FXStreet. The analyst locates next resistances at 1.1380, 1.1430 and 1.1465, while she places supports at 1.1320, 1.1280 and 1.1250.