11 Feb 2015
EUR/USD marking time around 1.1300
FXStreet (Córdoba) - EUR/USD has entered a consolidation phase around the 1.1300 level as investors await news from the Eurogroup meeting, where Greek Finance Minister Yanis Varoufakis and eurozone ministers were scheduled to continue negotiations over Greek debt.
EUR/USD has spent the last hours in a tight range, having scored a daily low of 1.1280 and capped by the 1.1315 zone, with markets keeping Greek debt meeting in check. At time of writing, the pair is trading at 1.1303, little changed on the day.
EUR/USD technical outlook
From a technical view, Valeria Bednarik, chief analyst at FXStreet noted EUR/USD downside potential has increased in short-term charts. “The key support remains at the 1.1250/60 price zone, as the area has attracted buyers ever since the month started”, the analyst said. On the other hand, Bednarik sees immediate resistance area at 1.1320.
EUR/USD has spent the last hours in a tight range, having scored a daily low of 1.1280 and capped by the 1.1315 zone, with markets keeping Greek debt meeting in check. At time of writing, the pair is trading at 1.1303, little changed on the day.
EUR/USD technical outlook
From a technical view, Valeria Bednarik, chief analyst at FXStreet noted EUR/USD downside potential has increased in short-term charts. “The key support remains at the 1.1250/60 price zone, as the area has attracted buyers ever since the month started”, the analyst said. On the other hand, Bednarik sees immediate resistance area at 1.1320.