20 Feb 2015
EUR/USD in highs near 1.1430
FXStreet (Edinburgh) - Choppiness is now gathering traction around the shared currency on Friday, lifting EUR/USD to test session highs around 1.1430.
EUR/USD following the Greek circus
The pair continues to push higher from recent troughs around 1.1280, against the backdrop of increasing speculations on the outcome from the Eurogroup-Greece meeting in Brussels. Confusion seems to prevail amongst traders, translated into the current erratic price action in the pair and despite several officials already argued that a final decision will be quite unlikely today.
EUR/USD key levels
As of writing the pair is up 0.15% at 1.1375 with the initial hurdle at 1.1450 (high Feb.17) followed by 1.1486 (high Feb.6) and finally 1.1499 (high Feb.5). On the other hand, a breakdown of 1.1270 (low Feb.9) would open the door to 1.1262 (low Jan.29) and then 1.1200 (psychological level).
EUR/USD following the Greek circus
The pair continues to push higher from recent troughs around 1.1280, against the backdrop of increasing speculations on the outcome from the Eurogroup-Greece meeting in Brussels. Confusion seems to prevail amongst traders, translated into the current erratic price action in the pair and despite several officials already argued that a final decision will be quite unlikely today.
EUR/USD key levels
As of writing the pair is up 0.15% at 1.1375 with the initial hurdle at 1.1450 (high Feb.17) followed by 1.1486 (high Feb.6) and finally 1.1499 (high Feb.5). On the other hand, a breakdown of 1.1270 (low Feb.9) would open the door to 1.1262 (low Jan.29) and then 1.1200 (psychological level).