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10 Feb 2015
EUR/USD stabilizing around 1.1280
FXStreet (Edinburgh) - EUR/USD remains in session lows around 1.1280, following the renewed bid tone from the US dollar.
EUR/USD hurt by US Treasuries
The better momentum in the US 10-y yields is giving further support to the greenback on Tuesday, relegating the pair to challenge weekly lows in the 1.1280/70 band.
In the meantime, market participants remain focused on the Eurogroup meeting (Wednesday) and the EU Leaders’ Summit (Thursday) with the renegotiation of the Greek debt in the centre of the debate.
EUR/USD key levels
At the moment the pair is down 0.39% at 1.1278 and a breakdown of 1.1270 (low Feb.9) would expose 1.1262 (low Jan.29) and finally 1.1224 (low Jan.27). On the upside, the initial hurdle lines up at 1.3151 (10-d MA) ahead of 1.1359 (high Feb.9) and then 1.1400 (psychological level).
EUR/USD hurt by US Treasuries
The better momentum in the US 10-y yields is giving further support to the greenback on Tuesday, relegating the pair to challenge weekly lows in the 1.1280/70 band.
In the meantime, market participants remain focused on the Eurogroup meeting (Wednesday) and the EU Leaders’ Summit (Thursday) with the renegotiation of the Greek debt in the centre of the debate.
EUR/USD key levels
At the moment the pair is down 0.39% at 1.1278 and a breakdown of 1.1270 (low Feb.9) would expose 1.1262 (low Jan.29) and finally 1.1224 (low Jan.27). On the upside, the initial hurdle lines up at 1.3151 (10-d MA) ahead of 1.1359 (high Feb.9) and then 1.1400 (psychological level).