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9 Apr 2015
EUR/USD recovers to 1.0780
FXStreet (Edinburgh) - The European currency is now extending the rebound from session lows around 1.0730, now pushing EUR/USD back to the 1.0780 region.
EUR/USD eyes on Greece
The pair remains on recovery mode on Thursday, as market participants keep digesting yesterday’s FOMC minutes while closely watching the developments from Greece. Recall that the Hellenic country has just paid the IMF €450 bn, amongst rumours that the country could run out of money in the upcoming weeks.
In the data front, the US weekly report on the labour market is the only relevant release today, with consensus expecting Initial Claims to come in at 285K in the week ended on April 3.
EUR/USD levels to consider
The pair is now losing 0.10% at 1.0769 and a breakdown of 1.0713 (low Mar.31) would target 1.0688 (61.8% of 1.0457-1.1062) en route to 1.0650 (low Mar.20). On the upside, the initial hurdle aligns at 1.0788 (hourly high Apr.9) ahead of 1.0834 (10-d MA) and finally 1.0888 (high Apr.8).
EUR/USD eyes on Greece
The pair remains on recovery mode on Thursday, as market participants keep digesting yesterday’s FOMC minutes while closely watching the developments from Greece. Recall that the Hellenic country has just paid the IMF €450 bn, amongst rumours that the country could run out of money in the upcoming weeks.
In the data front, the US weekly report on the labour market is the only relevant release today, with consensus expecting Initial Claims to come in at 285K in the week ended on April 3.
EUR/USD levels to consider
The pair is now losing 0.10% at 1.0769 and a breakdown of 1.0713 (low Mar.31) would target 1.0688 (61.8% of 1.0457-1.1062) en route to 1.0650 (low Mar.20). On the upside, the initial hurdle aligns at 1.0788 (hourly high Apr.9) ahead of 1.0834 (10-d MA) and finally 1.0888 (high Apr.8).