18 May 2015
EUR/USD regains 1.1400 and above
FXStreet (Edinburgh) - The shared currency is now extending the daily recovery, pushing EUR/USD to the 1.1415/20 band.
EUR/USD spooked by Greece
The uncertainty around Greece and rising speculations on a Greek default have been weighing on the pair since early trade, in light of the upcoming EU Leaders Summit on May 21-22 in Riga. EU officials, however, have practically ruled out any agreement at the meeting, citing the gap between the two parties remains wide and the progress scant.
Next of significance in the pair will be tomorrow’s ZEW Survey in Germany and the EMU, followed by the final CPI figures and the trade balance results in the euro area.
EUR/USD significant levels
As of writing the pair is losing 0.35% at 1.1409 with the immediate support at 1.1366 (low May 18) ahead of 1.1324 (low May 15) and then 1.1302 (10-d MA). On the flip side, a breakout of 1.1451 (high May 18) would target 1.1468 (high May 15) en route to 1.1486 (high Feb.6).
EUR/USD spooked by Greece
The uncertainty around Greece and rising speculations on a Greek default have been weighing on the pair since early trade, in light of the upcoming EU Leaders Summit on May 21-22 in Riga. EU officials, however, have practically ruled out any agreement at the meeting, citing the gap between the two parties remains wide and the progress scant.
Next of significance in the pair will be tomorrow’s ZEW Survey in Germany and the EMU, followed by the final CPI figures and the trade balance results in the euro area.
EUR/USD significant levels
As of writing the pair is losing 0.35% at 1.1409 with the immediate support at 1.1366 (low May 18) ahead of 1.1324 (low May 15) and then 1.1302 (10-d MA). On the flip side, a breakout of 1.1451 (high May 18) would target 1.1468 (high May 15) en route to 1.1486 (high Feb.6).