24 Feb 2015
EUR/USD flat round 1.1340
FXStreet (Edinburgh) - The common currency fully recovered the sharp drop to the 1.290 vs. the dollar, now taking EUR/USD back around 1.1340.
EUR/USD focus on Draghi and Yellen, again
Empty docket in the euro area on Wednesday will leave the pair once again to the mercy of the risk appetite trends in light of Janet Yellen’s second testimony and another speech by ECB’s Mario Draghi. In the meantime, the recent deal struck by Greece will bring in some (temporary) relief to the markets, with the attention now on the Bundestag and its vote on the Greek agreement.
EUR/USD levels to consider
As of writing the pair is advancing 0.06% at 1.1338 with the initial barrier at 1.1370 (10-d MA) followed by 1.1430 (high Feb.20) and then 1.1450 (high Feb.19). On the downside, a break below 1.1278 (low Feb.20) would aim for 1.1270 (low Feb.9) and finally 1.1262 (low Jan.29).
EUR/USD focus on Draghi and Yellen, again
Empty docket in the euro area on Wednesday will leave the pair once again to the mercy of the risk appetite trends in light of Janet Yellen’s second testimony and another speech by ECB’s Mario Draghi. In the meantime, the recent deal struck by Greece will bring in some (temporary) relief to the markets, with the attention now on the Bundestag and its vote on the Greek agreement.
EUR/USD levels to consider
As of writing the pair is advancing 0.06% at 1.1338 with the initial barrier at 1.1370 (10-d MA) followed by 1.1430 (high Feb.20) and then 1.1450 (high Feb.19). On the downside, a break below 1.1278 (low Feb.20) would aim for 1.1270 (low Feb.9) and finally 1.1262 (low Jan.29).