30 Mar 2015
EUR/USD off lows near 1.0870
FXStreet (Edinburgh) - The single currency is now gathering some pace vs. the greenback, with EUR/USD returning to the 1.0870 area after hitting lows at 1.0855.
EUR/USD focus on Germany, Greece
After the positive performance of the euro last week, the pair seems to have started on the wrong footing today, with Greece again in the centre of the debate. It is worth recalling that Greek officials need to deliver a package of reforms to be approved by its EU peers, in order to get extra funds, as rumours that the country could run out of money have hovered over the markets in the last sessions.
In the data space, the attention will be in Germany’s inflation figures, with the preliminary CPI for the current month expected to have ticked higher to 0.3%.
EUR/USD key levels
At the moment the pair is retreating 0.12% at 1.0870 with the immediate support at 1.0801 (low Mar.27) ahead of 1.0767 (low Mar.23) and then 1.0656 (low Mar.20). On the flip side, a breakout of 1.0949 (high Mar.27) would aim for 1.1052 (high Mar.26) and finally 1.1062 (high Mar.18).
EUR/USD focus on Germany, Greece
After the positive performance of the euro last week, the pair seems to have started on the wrong footing today, with Greece again in the centre of the debate. It is worth recalling that Greek officials need to deliver a package of reforms to be approved by its EU peers, in order to get extra funds, as rumours that the country could run out of money have hovered over the markets in the last sessions.
In the data space, the attention will be in Germany’s inflation figures, with the preliminary CPI for the current month expected to have ticked higher to 0.3%.
EUR/USD key levels
At the moment the pair is retreating 0.12% at 1.0870 with the immediate support at 1.0801 (low Mar.27) ahead of 1.0767 (low Mar.23) and then 1.0656 (low Mar.20). On the flip side, a breakout of 1.0949 (high Mar.27) would aim for 1.1052 (high Mar.26) and finally 1.1062 (high Mar.18).