16 Feb 2015
EUR/USD keeps falling, tests 1.1330
FXStreet (Edinburgh) - EUR/USD is now rapidly depreciating following the lack of any progress in the Eurogroup-Greece debt talks.
EUR/USD in 2-day lows
The pair is losing almost a big-figure from session tops at 1.1430 today after both Greece and the EU officials could not find common ground regarding the renegotiation of the Greek debt. The dialog among the parties broke up after the Eurogroup presented a draft that Greek finmin Y.Varoufakis deemed as ‘unacceptable’ and ‘unreasonable’, as it referred to the current bailout programme.
In the press conference held by Eurogroup’s J.Dijsselbloem, he insisted that the best way to carry on with the debt talks will be allowing an extension of the current programme, although Greece should accompany with commitments in order to obtain certain flexibilities within the programme.
EUR/USD levels to consider
At the moment the pair is down 0.64% at 1.1325 and a drop beyond 1.1303 (low Feb.12) would expose 1.1300 (psychological level) and finally 1.1270 (low Feb.9). On the upside, the initial hurdle lies at 1.1443 (high Feb.13) ahead of 1.1485 (Kijun Sen) and then 1.1499 (high Feb.5).
EUR/USD in 2-day lows
The pair is losing almost a big-figure from session tops at 1.1430 today after both Greece and the EU officials could not find common ground regarding the renegotiation of the Greek debt. The dialog among the parties broke up after the Eurogroup presented a draft that Greek finmin Y.Varoufakis deemed as ‘unacceptable’ and ‘unreasonable’, as it referred to the current bailout programme.
In the press conference held by Eurogroup’s J.Dijsselbloem, he insisted that the best way to carry on with the debt talks will be allowing an extension of the current programme, although Greece should accompany with commitments in order to obtain certain flexibilities within the programme.
EUR/USD levels to consider
At the moment the pair is down 0.64% at 1.1325 and a drop beyond 1.1303 (low Feb.12) would expose 1.1300 (psychological level) and finally 1.1270 (low Feb.9). On the upside, the initial hurdle lies at 1.1443 (high Feb.13) ahead of 1.1485 (Kijun Sen) and then 1.1499 (high Feb.5).