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Trading news
27 Apr 2015
EUR/USD advances beyond 1.0880
FXStreet (Edinburgh) - The upbeat tone remains well and sound around the single currency on Monday, with EUR/USD navigating the upper-1.0800s so far.
EUR/USD eyes on Greece
In a fairly slow start of the week, the developments from Greece are poised to be the main catalysts for price action in the very near term, following the disappointing results at the Eurogroup meeting last Friday.
Nothing worth noting data wise in the region, with only German Import Prices rising 1.0% MoM during March and contracting 1.4% over the last twelve months. The next relevant events in the bloc will come on Wednesday with credit figures, economic sentiment and consumer confidence.
EUR/USD levels to watch
At the moment the pair is gaining 0.03% at 1.0875 with the next hurdle at 1.0901 (high Apr.24) ahead of 1.0955 (high Apr.7) and then 1.1036 (high Apr.6). On the downside, a breach of 1.0789 (low Apr.24) would open the door to 1.0773 (21-d MA) and finally 1.0737 (10-d MA).
EUR/USD eyes on Greece
In a fairly slow start of the week, the developments from Greece are poised to be the main catalysts for price action in the very near term, following the disappointing results at the Eurogroup meeting last Friday.
Nothing worth noting data wise in the region, with only German Import Prices rising 1.0% MoM during March and contracting 1.4% over the last twelve months. The next relevant events in the bloc will come on Wednesday with credit figures, economic sentiment and consumer confidence.
EUR/USD levels to watch
At the moment the pair is gaining 0.03% at 1.0875 with the next hurdle at 1.0901 (high Apr.24) ahead of 1.0955 (high Apr.7) and then 1.1036 (high Apr.6). On the downside, a breach of 1.0789 (low Apr.24) would open the door to 1.0773 (21-d MA) and finally 1.0737 (10-d MA).