18 Feb 2015
EUR/USD in narrow range around 1.1400
FXStreet (Edinburgh) - The single currency is clinging to the 1.1400 handle vs. the dollar on Wednesday, with EUR/USD navigating a tight range of roughly 10 pips.
EUR/USD eyes on Greece, FOMC
There are no relevant releases in the euro area today, although headlines from Greece will dominate the morning in Euroland. It is worth noting that the Greek government will ask for an extension of the loan agreement to cover its financial needs in the short/medium term. However, PM A.Tsipras stressed that the country will not seek an extension of the current bailout programme.
Across the pond, a slew of data will keep the volatility around the greenback: Building Permits, Housing Starts, Producer Prices, Industrial Production, Capacity Utilization and the FOMC minutes.
EUR/US key levels
At the moment the pair is losing 0.21% at 1.1394 with the next support at 1.1321 (low Feb.17) followed by 1.1319 (low Feb.16) and finally 1.1300 (psychological level). On the upside, a breakout of 1.1443 (high Feb.13) would aim for 1.1499 (high Feb.5) and then 1.1535 (high Feb.3).
EUR/USD eyes on Greece, FOMC
There are no relevant releases in the euro area today, although headlines from Greece will dominate the morning in Euroland. It is worth noting that the Greek government will ask for an extension of the loan agreement to cover its financial needs in the short/medium term. However, PM A.Tsipras stressed that the country will not seek an extension of the current bailout programme.
Across the pond, a slew of data will keep the volatility around the greenback: Building Permits, Housing Starts, Producer Prices, Industrial Production, Capacity Utilization and the FOMC minutes.
EUR/US key levels
At the moment the pair is losing 0.21% at 1.1394 with the next support at 1.1321 (low Feb.17) followed by 1.1319 (low Feb.16) and finally 1.1300 (psychological level). On the upside, a breakout of 1.1443 (high Feb.13) would aim for 1.1499 (high Feb.5) and then 1.1535 (high Feb.3).