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27 Apr 2015
EUR/USD finds support at 1.0840
FXStreet (Edinburgh) - The common currency is now rebounding from session lows around 1.0840 vs. the US dollar, pushing EUR/USD back to the 1.0870 region.
EUR/USD wobbles as ‘Grimbo’ grows bigger
The uncertainty around the outcome of the Greece tale continues to weigh on global markets on Monday after renewed jitters are pushing stock markets in Euroland to the red territory. In the meantime, there are rumours that the Brussels Group could hold a conference call today in order to shrink the gap between the negotiating parties.
EUR/USD levels to watch
At the moment the pair is retreating 0.14% at 1.0856 with the next hurdle at 1.0901 (high Apr.24) ahead of 1.0955 (high Apr.7) and then 1.1036 (high Apr.6). On the downside, a breach of 1.0789 (low Apr.24) would open the door to 1.0773 (21-d MA) and finally 1.0737 (10-d MA).
EUR/USD wobbles as ‘Grimbo’ grows bigger
The uncertainty around the outcome of the Greece tale continues to weigh on global markets on Monday after renewed jitters are pushing stock markets in Euroland to the red territory. In the meantime, there are rumours that the Brussels Group could hold a conference call today in order to shrink the gap between the negotiating parties.
EUR/USD levels to watch
At the moment the pair is retreating 0.14% at 1.0856 with the next hurdle at 1.0901 (high Apr.24) ahead of 1.0955 (high Apr.7) and then 1.1036 (high Apr.6). On the downside, a breach of 1.0789 (low Apr.24) would open the door to 1.0773 (21-d MA) and finally 1.0737 (10-d MA).