The EUR/USD pair has remained high since Thursday when the U.S. Retail Sales data came out below expectations and hurt the U.S. Dollar. Today, despite the fact that the U.S. market will be close due to President’s day observation, the pair should be very volatile as the negotiation regarding Greece debt taking another round. Any signs of disagreement between euro group and Greece might push the pair strongly down. However, if the euro meeting do not reach any conclusion, the pair may remain high. The movement is sideways. The support is found at 1.1360 and resistance is at 1.1450.
On Monday morning during the Asian session, the GBP/USD pair continued in the bullish movement and reached new 6-week high at 1.5440 level. The pair was supported last week by speech of Mark Carney who stated that the inflation should reach the two percent target in 2 years. Today, we might experience lower volatility as the U.S. market will be close. However, the British pound might be negatively affected by the ongoing negotiation regarding Greek debt. The movement is slightly upwards but might turn soon. The support line is found at 1.5340 and resistance line at 1.5450.
February 16, 2015 – Forex News
Hot asset for today: EUR/USD
The EUR/USD pair has remained high since Thursday when the U.S. Retail Sales data came out below expectations and hurt the U.S. Dollar. Today, despite the fact that the U.S. market will be close due to President’s day observation, the pair should be very volatile as the negotiation regarding Greece debt taking another round. Any signs of disagreement between euro group and Greece might push the pair strongly down. However, if the euro meeting do not reach any conclusion, the pair may remain high. The movement is sideways. The support is found at 1.1360 and resistance is at 1.1450.
On Monday morning during the Asian session, the GBP/USD pair continued in the bullish movement and reached new 6-week high at 1.5440 level. The pair was supported last week by speech of Mark Carney who stated that the inflation should reach the two percent target in 2 years. Today, we might experience lower volatility as the U.S. market will be close. However, the British pound might be negatively affected by the ongoing negotiation regarding Greek debt. The movement is slightly upwards but might turn soon. The support line is found at 1.5340 and resistance line at 1.5450.
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