The common currency is now consolidating its break above 1.1400 the figure vs. the dollar, taking EUR/USD to the 1.1410/15 band.
EUR/USD moderate reaction after all
After hitting intraday highs near 1.1440, the pair surrendered some gains towards 1.1415/20, although it is still trading in the upper end of the daily range. The optimism around an apparent Greek deal keeps growing bigger amongst traders while some details have been leaked: a four-month extension on the bailout programme is being analysed, no austerity measures included and no unilateral moves by Greece.
EUR/USD key levels
As of writing the pair is up 0.36% at 1.1401 with the initial hurdle at 1.1450 (high Feb.17) followed by 1.1486 (high Feb.6) and finally 1.1499 (high Feb.5). On the other hand, a breakdown of 1.1270 (low Feb.9) would open the door to 1.1262 (low Jan.29) and then 1.1200 (psychological level).
EUR/USD moderate reaction after all
After hitting intraday highs near 1.1440, the pair surrendered some gains towards 1.1415/20, although it is still trading in the upper end of the daily range. The optimism around an apparent Greek deal keeps growing bigger amongst traders while some details have been leaked: a four-month extension on the bailout programme is being analysed, no austerity measures included and no unilateral moves by Greece.
EUR/USD key levels
As of writing the pair is up 0.36% at 1.1401 with the initial hurdle at 1.1450 (high Feb.17) followed by 1.1486 (high Feb.6) and finally 1.1499 (high Feb.5). On the other hand, a breakdown of 1.1270 (low Feb.9) would open the door to 1.1262 (low Jan.29) and then 1.1200 (psychological level).
