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24 Feb 2015
EUR/USD climbs to 1.1330
FXStreet (Edinburgh) - The European currency is now attempting a bull run to the 1.1330 area, with EUR/USD bouncing off 1.1300 the figure.
EUR/USD remains in red, Yellen focused
The pair continues to trade on the back footing on Tuesday amidst increasing skepticism regarding the Greek debt negotiation and in visible contrast with the optimism seen in the markets. It is worth noting that Greek stocks are up more than 7%, with the banking sector advancing around 14% after the positive comments by the Troika on the letter of reforms submitted by the Greek government.
In the meantime, market participants remain focused on the more significant testimony by Chairwoman Janet Yellen due later.
EUR/USD levels to consider
As of writing the pair is retreating 0.05% at 1.1325 and a breakdown of 1.1278 (low Feb.20) would aim for 1.1270 (low Feb.9) and finally 1.1262 (low Jan.29). On the upside, the initial barrier aligns at 1.1430 (high Feb.20) followed by 1.1450 (high Feb.19) and then 1.1486 (high Feb.6).
EUR/USD remains in red, Yellen focused
The pair continues to trade on the back footing on Tuesday amidst increasing skepticism regarding the Greek debt negotiation and in visible contrast with the optimism seen in the markets. It is worth noting that Greek stocks are up more than 7%, with the banking sector advancing around 14% after the positive comments by the Troika on the letter of reforms submitted by the Greek government.
In the meantime, market participants remain focused on the more significant testimony by Chairwoman Janet Yellen due later.
EUR/USD levels to consider
As of writing the pair is retreating 0.05% at 1.1325 and a breakdown of 1.1278 (low Feb.20) would aim for 1.1270 (low Feb.9) and finally 1.1262 (low Jan.29). On the upside, the initial barrier aligns at 1.1430 (high Feb.20) followed by 1.1450 (high Feb.19) and then 1.1486 (high Feb.6).