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22 Apr 2015
EUR/USD advances to 1.0750
FXStreet (Edinburgh) - The single currency is posting meager gains vs. its American counterpart on Wednesday, taking EUR/USD to the 1.0740/45 band.
EUR/USD focus on Greece, Eurogroup
The pair remains within the recent range during the first half of the week, against a backdrop of scarce volatility due to the lack of data releases. The most relevant event today in the euro area will be the flash Consumer Confidence gauge for the current month, expected to improve to -2.75 from -3.70.
In the meantime Greek woes continue to hover over the global markets and could morph into a serious threat to the euro in case the Eurogroup meeting on Friday yield no progress in the ongoing EU-Greece talks.
EUR/USD key levels
At the moment the pair is up 0.06% at 1.0742 with the next resistance at 1.0789 (21-d MA) ahead of 1.0825 (high Apr.20) and finally 1.0849 (high Apr.17). On the flip side, a breach of 1.0660 (low Apr.21) would aim for 1.0646 (61.8% of 1.0521-1.0849) and then 1.0624 (low Apr.16).
EUR/USD focus on Greece, Eurogroup
The pair remains within the recent range during the first half of the week, against a backdrop of scarce volatility due to the lack of data releases. The most relevant event today in the euro area will be the flash Consumer Confidence gauge for the current month, expected to improve to -2.75 from -3.70.
In the meantime Greek woes continue to hover over the global markets and could morph into a serious threat to the euro in case the Eurogroup meeting on Friday yield no progress in the ongoing EU-Greece talks.
EUR/USD key levels
At the moment the pair is up 0.06% at 1.0742 with the next resistance at 1.0789 (21-d MA) ahead of 1.0825 (high Apr.20) and finally 1.0849 (high Apr.17). On the flip side, a breach of 1.0660 (low Apr.21) would aim for 1.0646 (61.8% of 1.0521-1.0849) and then 1.0624 (low Apr.16).