9 Mar 2015
EUR/USD back around 1.0870
FXStreet (Edinburgh) - The European currency gave away some of the initial gains to the area of 1.0900 the figure, with EUR/USD now gyrating around 1.0860/70.
EUR/USD eyes on Eurogroup, US data
The upcoming Eurogroup meeting will keep markets entertained in an otherwise apathetic Monday, with several EU officials arguing Greece needs to shed more light on its recent reform package and looks for consensus with the rest of the EU members. All amidst rumours of a Greek referendum in case the submitted reforms do not find any echoes amongst the EU peers, and even the call for fresh elections.
Across the Atlantic, the main highlight will be the Labor Market Conditions Index (4.9 prev.) following the solid US Payrolls in February (295K).
EUR/USD key levels
As of writing the pair is advancing 0.21% at 1.0872 and a breakout of 1.0900 (psychological level) would expose 1.1033 (high Mar.6) and then 1.1041 (100-h MA). On the flip side, the initial support aligns at 1.0809 (low Sep.4 2003) ahead of 1.0800 (psychological level) and then 1.0762 (low Sep.3 2003).
EUR/USD eyes on Eurogroup, US data
The upcoming Eurogroup meeting will keep markets entertained in an otherwise apathetic Monday, with several EU officials arguing Greece needs to shed more light on its recent reform package and looks for consensus with the rest of the EU members. All amidst rumours of a Greek referendum in case the submitted reforms do not find any echoes amongst the EU peers, and even the call for fresh elections.
Across the Atlantic, the main highlight will be the Labor Market Conditions Index (4.9 prev.) following the solid US Payrolls in February (295K).
EUR/USD key levels
As of writing the pair is advancing 0.21% at 1.0872 and a breakout of 1.0900 (psychological level) would expose 1.1033 (high Mar.6) and then 1.1041 (100-h MA). On the flip side, the initial support aligns at 1.0809 (low Sep.4 2003) ahead of 1.0800 (psychological level) and then 1.0762 (low Sep.3 2003).