Back
20 Apr 2015
EUR/USD consolidates below 1.0800
FXStreet (Edinburgh) - The shared currency remains mired in the negative territory at the beginning of the week, with EUR/USD meandering around 1.0780/85 so far.
EUR/USD focus on Greece
Without relevant data scheduled for today in the euro area, market participants will remain vigilant on developments from Greece, as rumours of a default and an eventual exit from the euro keep building up.
In the meantime, spot seems to have already shrugged off the recent move from the PBoC, coming down from overnight tops in the 1.0820 area.
EUR/USD levels to consider
The pair is now losing 0.26% at 1.0779 with the immediate support at 1.0760 (Kijun Sen) ahead of 1.0734 (low Apr.17) and finally 1.0711 (10-d MA). On the flip side, a surpass of 1.0822 (high Apr.20) would target 1.0849 (high Apr.17) en route to 1.0887 (high Apr.8).
EUR/USD focus on Greece
Without relevant data scheduled for today in the euro area, market participants will remain vigilant on developments from Greece, as rumours of a default and an eventual exit from the euro keep building up.
In the meantime, spot seems to have already shrugged off the recent move from the PBoC, coming down from overnight tops in the 1.0820 area.
EUR/USD levels to consider
The pair is now losing 0.26% at 1.0779 with the immediate support at 1.0760 (Kijun Sen) ahead of 1.0734 (low Apr.17) and finally 1.0711 (10-d MA). On the flip side, a surpass of 1.0822 (high Apr.20) would target 1.0849 (high Apr.17) en route to 1.0887 (high Apr.8).