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20 May 2015
EUR/USD testing 1.1140
FXStreet (Edinburgh) - The common currency is attempting another bull run at the end of the NA session on Wednesday, pushing EUR/USD to the vicinity of 1.1140.
EUR/USD mixed on FOMC, ECB
The FOMC minutes resulted quite innocuous for the pair after many members admitted that a June lift-off however unlikely, it was not entirely ruled out. On the upbeat note, members expect the economy to resume its moderate growth in Q2, leaving behind the ‘temporary’ softness at the beginning of the year.
Back to the Greek front, the ECB increased the ELA for Greek banks by ‘just’ €200 million to €80.2 billion and left unchanged the haircut on Greek collateral. The central bank added it will ‘continue to closely monitor the situation’ on Greek collateral rules.
EUR/USD relevant levels
As of writing the pair is down 0.29% at 1.1117 with the next support at 1.1062 (low May 20) ahead of 1.0994 (50% of 1.0521-1.1468) and then 1.0960 (low Apr.29). On the flip side, a break above 1.1151 (3821-d MA) would expose 1.1166 (100-d MA) and then 1.1237 (38.2% of 1.1468-1.1095).
EUR/USD mixed on FOMC, ECB
The FOMC minutes resulted quite innocuous for the pair after many members admitted that a June lift-off however unlikely, it was not entirely ruled out. On the upbeat note, members expect the economy to resume its moderate growth in Q2, leaving behind the ‘temporary’ softness at the beginning of the year.
Back to the Greek front, the ECB increased the ELA for Greek banks by ‘just’ €200 million to €80.2 billion and left unchanged the haircut on Greek collateral. The central bank added it will ‘continue to closely monitor the situation’ on Greek collateral rules.
EUR/USD relevant levels
As of writing the pair is down 0.29% at 1.1117 with the next support at 1.1062 (low May 20) ahead of 1.0994 (50% of 1.0521-1.1468) and then 1.0960 (low Apr.29). On the flip side, a break above 1.1151 (3821-d MA) would expose 1.1166 (100-d MA) and then 1.1237 (38.2% of 1.1468-1.1095).