20 Mar 2015
EUR/USD clinches 1.0850
FXStreet (Edinburgh) - The shared currency keeps pushing higher at the end of the week. Now lifting EUR/USD to session highs in the mid-1.08s.
EUR/USD boosted by Greece, USD
In a session empty of relevant releases in both Euroland and the US, headlines from Greece seems to be a good excuse for the pair to recover part of Thursday’s deep pullback.
The greenback paid no attention to recent comments by Fed’s Lockhart, stating that the Fed could hike rates in June, July or September. He also added that the recent weakness in US key indicators could be transitory, although it could affect the timing of the lift-off in rates.
EUR/USD levels to consider
At the moment the pair is up 1.73% at 1.0844 and a breakout of 1.0900 (psychological level) would target 1.0920 (high Mar.19) and then 1.0940 (21-d MA). On the downside, the immediate support lines up at 1.0650 (hourly low Mar.20) followed by 1.0635 (100-h MA) and finally 1.0613 (low Mar.19).
EUR/USD boosted by Greece, USD
In a session empty of relevant releases in both Euroland and the US, headlines from Greece seems to be a good excuse for the pair to recover part of Thursday’s deep pullback.
The greenback paid no attention to recent comments by Fed’s Lockhart, stating that the Fed could hike rates in June, July or September. He also added that the recent weakness in US key indicators could be transitory, although it could affect the timing of the lift-off in rates.
EUR/USD levels to consider
At the moment the pair is up 1.73% at 1.0844 and a breakout of 1.0900 (psychological level) would target 1.0920 (high Mar.19) and then 1.0940 (21-d MA). On the downside, the immediate support lines up at 1.0650 (hourly low Mar.20) followed by 1.0635 (100-h MA) and finally 1.0613 (low Mar.19).