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9 Feb 2015
EUR/USD regains 1.1300
FXStreet (Edinburgh) - After bottoming out in the 1.1270 area, EUR/USD is now retaking the 1.1300/15 handle.
EUR/USD eyes on Greece
The Greek front will be the main driver for the EUR in the near to medium term, as speculations that the country might be forced to leave the euro area continue to build up. There is no fresh news regarding the situation, with permanent market chatter being behind the occasional fireworks in the pair.
Ahead in the session, market participants will closely follow the Fed’s Labour Market Conditions Index (LMCI), mainly after the auspicious results from the US Payrolls during January (257K act.).
EUR/USD levels to watch
As of writing the pair is down 0.11% at 1.1307 and a break below 1.1270 (low Feb.9) would open the door to 1.1265 (61.8% of 1.1098-1.1534) and then 1.1224 (low Jan.27). On the other hand, the immediate support aligns at 1.1362 (200h-MA) followed by 1.1400 (psychological level) and finally 1.1463 (21-d MA).
EUR/USD eyes on Greece
The Greek front will be the main driver for the EUR in the near to medium term, as speculations that the country might be forced to leave the euro area continue to build up. There is no fresh news regarding the situation, with permanent market chatter being behind the occasional fireworks in the pair.
Ahead in the session, market participants will closely follow the Fed’s Labour Market Conditions Index (LMCI), mainly after the auspicious results from the US Payrolls during January (257K act.).
EUR/USD levels to watch
As of writing the pair is down 0.11% at 1.1307 and a break below 1.1270 (low Feb.9) would open the door to 1.1265 (61.8% of 1.1098-1.1534) and then 1.1224 (low Jan.27). On the other hand, the immediate support aligns at 1.1362 (200h-MA) followed by 1.1400 (psychological level) and finally 1.1463 (21-d MA).