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10 Feb 2015
EUR/USD flat around 1.1330
FXStreet (Edinburgh) - The shared currency keeps the positive territory vs. the greenback at the end of the Asian session on Tuesday, with EUR/USD hovering over 1.1330/35.
EUR/USD focus on Greece
While events from Greece remain the main source of volatility in the pair, second-tier releases from the industrial sector in Italy and France will be the only scheduled events in the region today. In the meantime, rumours about Greece leaving the euro continue to build up and weighing on sentiment.
The Greek banking sector continues to be the main target of investors, specially after yesterday’s downgrade of five of the largest banks by agency Moody’s, while PM A.Tsipras is desperately looking for a ‘bridge-loan’ until August.
EUR/USD key levels
At the moment the pair is up 0.04% at 1.1329 with the next resistance at 1.3151 (10-d MA) ahead of 1.1359 (high Feb.9) and then 1.1400 (psychological level). On the flip side, a breakdown of 1.1270 (low Feb.9) would expose 1.1262 (low Jan.29) and finally 1.1224 (low Jan.27).
EUR/USD focus on Greece
While events from Greece remain the main source of volatility in the pair, second-tier releases from the industrial sector in Italy and France will be the only scheduled events in the region today. In the meantime, rumours about Greece leaving the euro continue to build up and weighing on sentiment.
The Greek banking sector continues to be the main target of investors, specially after yesterday’s downgrade of five of the largest banks by agency Moody’s, while PM A.Tsipras is desperately looking for a ‘bridge-loan’ until August.
EUR/USD key levels
At the moment the pair is up 0.04% at 1.1329 with the next resistance at 1.3151 (10-d MA) ahead of 1.1359 (high Feb.9) and then 1.1400 (psychological level). On the flip side, a breakdown of 1.1270 (low Feb.9) would expose 1.1262 (low Jan.29) and finally 1.1224 (low Jan.27).