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4 Feb 2015
EUR/USD supported at 1.1400
FXStreet (Edinburgh) - The shared currency has lost its shine today following Tuesday’s sharp recovery, with EUR/USD now navigating in the lower band of the range at 1.1420/1.1400.
EUR/USD weaker, USD bid
As expected by not few traders, the pair could not sustain the recent tops above the 1.1500 handle. The abrupt ascent in EUR prompted sellers to turn up and send spot back to the vicinity of 1.1400 the figure, where it found some decent support.
In the meantime, Greek PM A.Tsipras and finmin Y.Varoufakis continue their tour around Euroland, looking to clinch some support from their EU partners in the debt negotiation.
EUR/USD key levels
At the moment the pair is losing 0.55% at 1.1418 facing the next support at 1.1400 (psychological level) ahead of 1.1331 (10-d MA) and then 1.1312 (low Feb.3). On the upside, the next hurdle lines up at 1.1535 (high Feb.3) ahead of 1.1600 (psychological level) and then 1.1652 (high Jan.22).
EUR/USD weaker, USD bid
As expected by not few traders, the pair could not sustain the recent tops above the 1.1500 handle. The abrupt ascent in EUR prompted sellers to turn up and send spot back to the vicinity of 1.1400 the figure, where it found some decent support.
In the meantime, Greek PM A.Tsipras and finmin Y.Varoufakis continue their tour around Euroland, looking to clinch some support from their EU partners in the debt negotiation.
EUR/USD key levels
At the moment the pair is losing 0.55% at 1.1418 facing the next support at 1.1400 (psychological level) ahead of 1.1331 (10-d MA) and then 1.1312 (low Feb.3). On the upside, the next hurdle lines up at 1.1535 (high Feb.3) ahead of 1.1600 (psychological level) and then 1.1652 (high Jan.22).