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31 Mar 2015
EUR/USD supported around 1.0720
FXStreet (Edinburgh) - The decline in EUR/USD seems to have found some support around session lows in the 1.0720 band so far.
EUR/USD attention to Greece
Developments (or the lack of them) in Greece continue to be the main catalyst for the pair’s price action during the first half of the week, with the euro markedly lower following the increasing uncertainties around Greece and the debt talks.
Positive data today confirmed the solid pace of the German economy, although the pair paid no attention to the auspicious releases. Ahead in the session, traders will remain vigilant on the speeches by Lacker, Lockhart, Mester and George, ahead of the US Consumer Confidence for the month of March.
EUR/USD key levels
At the moment the pair is retreating 0.92% at 1.0732 with the immediate support at 1.0700 (psychological level) followed by 1.0688 (61.8% of 1.0457-1.1062) and finally 1.0618 (low Mar.19). On the flip side, a breakout of 1.0833 (Tenkan Sen) would open the door to 1.0860 (100-h MA) and then 1.0900 (high Mar.30).
EUR/USD attention to Greece
Developments (or the lack of them) in Greece continue to be the main catalyst for the pair’s price action during the first half of the week, with the euro markedly lower following the increasing uncertainties around Greece and the debt talks.
Positive data today confirmed the solid pace of the German economy, although the pair paid no attention to the auspicious releases. Ahead in the session, traders will remain vigilant on the speeches by Lacker, Lockhart, Mester and George, ahead of the US Consumer Confidence for the month of March.
EUR/USD key levels
At the moment the pair is retreating 0.92% at 1.0732 with the immediate support at 1.0700 (psychological level) followed by 1.0688 (61.8% of 1.0457-1.1062) and finally 1.0618 (low Mar.19). On the flip side, a breakout of 1.0833 (Tenkan Sen) would open the door to 1.0860 (100-h MA) and then 1.0900 (high Mar.30).