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24 Feb 2015
EUR/USD muted post-German data
FXStreet (Edinburgh) - The shared currency remained apathetic after the German releases on Tuesday, with EUR/USD gyrating around 1.1330.
EUR/USD indifferent to the data, eyes on Greece
The pair paid no attention to the Q4 GDP figures in Germany, where the economy expanded at an annual pace of 1.6% and 0.7% inter-quarter, matching the preliminary prints. While headlines from Greece will be a key driver for the pair’s price action, traders will also remain vigilant on the final CPI figures in the euro area for January and the speech by ECB’s Mario Draghi.
EUR/USD levels to consider
As of writing the pair is retreating 0.03% at 1.1327 and a breakdown of 1.1278 (low Feb.20) would aim for 1.1270 (low Feb.9) and finally 1.1262 (low Jan.29). On the upside, the initial barrier aligns at 1.1430 (high Feb.20) followed by 1.1450 (high Feb.19) and then 1.1486 (high Feb.6).
EUR/USD indifferent to the data, eyes on Greece
The pair paid no attention to the Q4 GDP figures in Germany, where the economy expanded at an annual pace of 1.6% and 0.7% inter-quarter, matching the preliminary prints. While headlines from Greece will be a key driver for the pair’s price action, traders will also remain vigilant on the final CPI figures in the euro area for January and the speech by ECB’s Mario Draghi.
EUR/USD levels to consider
As of writing the pair is retreating 0.03% at 1.1327 and a breakdown of 1.1278 (low Feb.20) would aim for 1.1270 (low Feb.9) and finally 1.1262 (low Jan.29). On the upside, the initial barrier aligns at 1.1430 (high Feb.20) followed by 1.1450 (high Feb.19) and then 1.1486 (high Feb.6).