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22 Apr 2015
EUR/USD turns negative near 1.0730
FXStreet (Edinburgh) - After the brief adventure to the boundaries of 1.0800 the figure, EUR/USD has now deflated to the area of 1.0735/30, giving away earlier gains.
EUR/USD looks to US data
The pair has returned to the area of opening levels after a bout of buying interest pushed spot to re-visit the 1.0800 mark, although the bullish attempt lost vigour soon afterwards.
Nothing of relevance data wise in Euroland, with the main headlines stating that market participants have already ruled out a EU-Greece deal at the Eurogroup meeting on Friday, ppostponing the new deadline to the end of June. In the same note, the ECB has increased to €75.5 billion its ELA cap for Greece banks.
EUR/USD key levels
At the moment the pair is losing 0.03% at 1.0732 with the next support at 1.0660 (low Apr.21) followed by 1.0646 (61.8% of 1.0521-1.0849) and then 1.0624 (low Apr.16). On the upside, a surpass of 1.0802 (high Apr.22) would target 1.0825 (high Apr.20) en route to 1.0849 (high Apr.17).
EUR/USD looks to US data
The pair has returned to the area of opening levels after a bout of buying interest pushed spot to re-visit the 1.0800 mark, although the bullish attempt lost vigour soon afterwards.
Nothing of relevance data wise in Euroland, with the main headlines stating that market participants have already ruled out a EU-Greece deal at the Eurogroup meeting on Friday, ppostponing the new deadline to the end of June. In the same note, the ECB has increased to €75.5 billion its ELA cap for Greece banks.
EUR/USD key levels
At the moment the pair is losing 0.03% at 1.0732 with the next support at 1.0660 (low Apr.21) followed by 1.0646 (61.8% of 1.0521-1.0849) and then 1.0624 (low Apr.16). On the upside, a surpass of 1.0802 (high Apr.22) would target 1.0825 (high Apr.20) en route to 1.0849 (high Apr.17).