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5 Feb 2015
EUR/USD fighting for 1.14 handle
FXStreet (Mumbai) - EUR/USD erased ECB-Greece induced losses and climbed higher testing 1.1400 levels as traders continue to cheer strong German factory orders data.
Greece talks in focus
The EUR/USD now trades at 1.1366 levels, up 0.20% on the day, on its way to once again retest 1.1400 levels. EUR/USD rebounded sharply as traders took profit closing their short positions after dipping ahead of 1.13 mark earlier in the day. Moreover, upbeat German factory orders also added to the firmness in the main currency pair.
Meanwhile, traders monitor further developments on Greek debt negotiations and crucial US economic releases for major impact on the pair.
EUR/USD Technical Levels
The pair has an immediate resistance at 1.1400 levels, above which gains could be extended to 1.1422 levels. On the flip side, support is seen at 1.1302 levels, below which it could extend losses to 1.1278
Greece talks in focus
The EUR/USD now trades at 1.1366 levels, up 0.20% on the day, on its way to once again retest 1.1400 levels. EUR/USD rebounded sharply as traders took profit closing their short positions after dipping ahead of 1.13 mark earlier in the day. Moreover, upbeat German factory orders also added to the firmness in the main currency pair.
Meanwhile, traders monitor further developments on Greek debt negotiations and crucial US economic releases for major impact on the pair.
EUR/USD Technical Levels
The pair has an immediate resistance at 1.1400 levels, above which gains could be extended to 1.1422 levels. On the flip side, support is seen at 1.1302 levels, below which it could extend losses to 1.1278