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5 Feb 2015
EUR/USD consolidates above 1.1400
FXStreet (Edinburgh) - EUR/USD keeps its activity above the 1.1400 handle during the European evening, currently navigating around 1.1430.
EUR/USD eyes on Greece, Payrolls
The pair’s price action remains Greece-dependent this week, although the initial optimism around the first talks between PM Tsipras and finmin Varoufakis with euro zone officials seem to be fading. In the meantime, spot managed to recover from a new visit to the 1.1300 neighbourhood late on Tuesday, now exhibiting some sort of resilience above the 1.1400 mark.
The other key driver for the pair will be the US Payrolls due on Friday, with prior surveys expecting the economy to have created 234K jobs during January.
EUR/USD significant levels
As of writing the pair is up 0.39% at 1.1435 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 eyes on Greece, Payrolls
The pair’s price action remains Greece-dependent this week, although the initial optimism around the first talks between PM Tsipras and finmin Varoufakis with euro zone officials seem to be fading. In the meantime, spot managed to recover from a new visit to the 1.1300 neighbourhood late on Tuesday, now exhibiting some sort of resilience above the 1.1400 mark.
The other key driver for the pair will be the US Payrolls due on Friday, with prior surveys expecting the economy to have created 234K jobs during January.
EUR/USD significant levels
As of writing the pair is up 0.39% at 1.1435 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).