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4 Feb 2015
EUR/USD surviving above 1.1400
FXStreet (Edinburgh) - The selling pressure remains entrenched around the euro today, with EUR/USD struggling to keep the trade above the 1.1400 mark.
EUR/USD eyes on Greece, US Payrolls
The pair continues to erode the recent upside from Monday’s dip below 1.1100 to yesterday 3-week highs near 1.1550, currently clinging to the 1.1400 handle amidst a context favourable to the US dollar.
Data wise, better-than-expected Services PMIs in the euro region failed to ignite another wave of buying interest in the shared currency, leaving the potential drivers for the price action to the events coming from Greece and the announcements by Tsipras-Varoufakis.
EUR/USD key levels
At the moment the pair is losing 0.58% at 1.1414 facing the next support at 1.1400 (psychological level) ahead of 1.1331 (10-d MA) and then 1.1312 (low Feb.3). On the upside, the next hurdle lines up at 1.1535 (high Feb.3) ahead of 1.1600 (psychological level) and then 1.1652 (high Jan.22).
EUR/USD eyes on Greece, US Payrolls
The pair continues to erode the recent upside from Monday’s dip below 1.1100 to yesterday 3-week highs near 1.1550, currently clinging to the 1.1400 handle amidst a context favourable to the US dollar.
Data wise, better-than-expected Services PMIs in the euro region failed to ignite another wave of buying interest in the shared currency, leaving the potential drivers for the price action to the events coming from Greece and the announcements by Tsipras-Varoufakis.
EUR/USD key levels
At the moment the pair is losing 0.58% at 1.1414 facing the next support at 1.1400 (psychological level) ahead of 1.1331 (10-d MA) and then 1.1312 (low Feb.3). On the upside, the next hurdle lines up at 1.1535 (high Feb.3) ahead of 1.1600 (psychological level) and then 1.1652 (high Jan.22).