Back
30 Mar 2015
EUR/USD testing lows near 1.0800
FXStreet (Edinburgh) - The shared currency now extends its move lower, sending EUR/USD to test the vicinity of 1.0800 the figure.
EUR/USD weaker on Greece
The pair remains unable to generate any traction at the beginning of the week, as uncertainties around the Greek debt talks keep weighing on the euro. Adding to the downbeat sentiment around the pair, the US docket has been quite supportive of the dollar, with solid prints from the housing sector.
In the meantime, agency Bloomberg leaked some of the submitted Greek reforms, amongst them could be taxing capital transfers and increasing the fight against tax evasion. The Greek government have neither confirmed not denied the information.
EUR/USD key levels
At the moment the pair is retreating 0.61% at 1.0817 with the immediate support at 1.0801 (low Mar.27) ahead of 1.0767 (low Mar.23) and then 1.0760 (50% of 1.0457-1.1062). On the flip side, a breakout of 1.0934 (Kijun Sen) would open the door to 1.0949 (high Mar.27) and finally 1.1052 (high Mar.26).
EUR/USD weaker on Greece
The pair remains unable to generate any traction at the beginning of the week, as uncertainties around the Greek debt talks keep weighing on the euro. Adding to the downbeat sentiment around the pair, the US docket has been quite supportive of the dollar, with solid prints from the housing sector.
In the meantime, agency Bloomberg leaked some of the submitted Greek reforms, amongst them could be taxing capital transfers and increasing the fight against tax evasion. The Greek government have neither confirmed not denied the information.
EUR/USD key levels
At the moment the pair is retreating 0.61% at 1.0817 with the immediate support at 1.0801 (low Mar.27) ahead of 1.0767 (low Mar.23) and then 1.0760 (50% of 1.0457-1.1062). On the flip side, a breakout of 1.0934 (Kijun Sen) would open the door to 1.0949 (high Mar.27) and finally 1.1052 (high Mar.26).