Search
Euro dollar Rallies
- global fx
- Feb 3, 2015
- 1 min read
EUR/USD broke decisively above 1.1400 and climbed to its highest level in almost 2 weeks, as the shared currency picked up momentum across the board amid headlines about Greek debt negotiations.
EUR/USD rallied to a high of 1.1449, last seen January 22, amid headlines the European Commission is confident of compromise with Greeks. Meanwhile, oil prices recovery has been working against the USD, supporting the pair's advance. EUR/USD levels to watch At time of writing, EUR/USD is trading at 1.1430, recording a 0.80% gain on Tuesday. As for technical levels, immediate resistances could be found at 1.1449 (daily high) and 1.1500 (psychological level). On the other hand, supports are seen at 1.1312 (daily low) and 1.1280 (Feb 2 low).
