12 Feb 2015
EUR/USD volatile amid Greek uncertainty, Euro zone data in focus
FXStreet (Mumbai) - EUR/USD remained volatile during the European morning, recovering previous losses and traded flat after witnessing a sharp spike to fresh session highs, as traders now await Euro zone industrial production data due for release shortly.
EUR/USD declines from 1.1350 levels
The EUR/USD now steadies at 1.1327, recovering quickly retreating from session highs posted at 1.1350 levels. EUR/USD continues to trade without any clear direction as traders remain confused and react on every update on the Greece front, with no deal between Greece and the euro zone reached in the EU meeting overnight. Meanwhile, traders may also closely watch EU Summit for fresh cues on the EUR/USD pair.
EUR/USD Technical Levels
The pair has an immediate resistance at 1.1350 levels, above which gains could be extended to 1.1400 levels. On the flip side, support is seen at 1.1300 levels, below which it could extend losses to 1.1278
EUR/USD declines from 1.1350 levels
The EUR/USD now steadies at 1.1327, recovering quickly retreating from session highs posted at 1.1350 levels. EUR/USD continues to trade without any clear direction as traders remain confused and react on every update on the Greece front, with no deal between Greece and the euro zone reached in the EU meeting overnight. Meanwhile, traders may also closely watch EU Summit for fresh cues on the EUR/USD pair.
EUR/USD Technical Levels
The pair has an immediate resistance at 1.1350 levels, above which gains could be extended to 1.1400 levels. On the flip side, support is seen at 1.1300 levels, below which it could extend losses to 1.1278