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23 Apr 2015
EUR/USD pushes higher, near 1.0840
FXStreet (Edinburgh) - The shared currency remains on the firm footing on Thursday, now pushing EUR/USD to session highs around 1.0835/40.
EUR/USD firmer on Greece
The pair is extending its upbeat momentum in the second half of the week, bolstered by the positive talks between Greece and its creditors, allaying fears of a default and leaving the door open for a long-waited deal in the upcoming weeks.
The pair managed to quickly shrug off the disappointing results from the preliminary PMIs in Euroland for the current month, deriving support from the weak US docket instead and later from the developments in Greece.
EUR/USD levels to watch
At the moment the pair is gaining 1.05% at 1.0838 with the next hurdle at 1.0849 (high Apr.17) ahead of 1.0888 (high Apr.8) and then 1.0914 (76.4% of 1.1036-1.0521). On the downside, a breach of 1.0732 (hourly low Apr.23) would open the door to 1.0705 (200-h MA) and finally 1.0660 (low Apr.21).
EUR/USD firmer on Greece
The pair is extending its upbeat momentum in the second half of the week, bolstered by the positive talks between Greece and its creditors, allaying fears of a default and leaving the door open for a long-waited deal in the upcoming weeks.
The pair managed to quickly shrug off the disappointing results from the preliminary PMIs in Euroland for the current month, deriving support from the weak US docket instead and later from the developments in Greece.
EUR/USD levels to watch
At the moment the pair is gaining 1.05% at 1.0838 with the next hurdle at 1.0849 (high Apr.17) ahead of 1.0888 (high Apr.8) and then 1.0914 (76.4% of 1.1036-1.0521). On the downside, a breach of 1.0732 (hourly low Apr.23) would open the door to 1.0705 (200-h MA) and finally 1.0660 (low Apr.21).