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5 Feb 2015
EUR/USD deflates to 1.1400
FXStreet (Edinburgh) - The shared currency is giving away initial gains vs. the US dollar on Thursday, with EUR/USD putting the 1.1400 level to the test.
EUR/USD upside halted at 1.1450
The pair continues to swing amongst rumours and events coming from the Greek front, where meetings between the tandem Tsipras-Varoufakis and their euro zone peers failed to give extra oxygen to the debt situation in Greece.
In another direction, US Initial Claims rose 13K to 278K in the week ended on January 30th, and the trade deficit widened to $46.56 billion during December from $39.75 billion from the previous month.
EUR/USD significant levels
As of writing the pair is up 0.23% at 1.1417 with the initial hurdle at 1.1480 (76.4% of 1.1534-1.1304) ahead of 1.1508 (21-d MA) and finally 1.1534 (high Feb.3). On the flip side, a drop beyond 1.1369 (100-h MA) would expose 1.1339 (200-h MA) and then 1.1300 (psychological level).
EUR/USD upside halted at 1.1450
The pair continues to swing amongst rumours and events coming from the Greek front, where meetings between the tandem Tsipras-Varoufakis and their euro zone peers failed to give extra oxygen to the debt situation in Greece.
In another direction, US Initial Claims rose 13K to 278K in the week ended on January 30th, and the trade deficit widened to $46.56 billion during December from $39.75 billion from the previous month.
EUR/USD significant levels
As of writing the pair is up 0.23% at 1.1417 with the initial hurdle at 1.1480 (76.4% of 1.1534-1.1304) ahead of 1.1508 (21-d MA) and finally 1.1534 (high Feb.3). On the flip side, a drop beyond 1.1369 (100-h MA) would expose 1.1339 (200-h MA) and then 1.1300 (psychological level).