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2 Apr 2015
EUR/USD clinches 1.0820
FXStreet (Edinburgh) - The shared currency is extending the upbeat momentum on Thursday, now sending EUR/USD to test session highs around 1.0820.
EUR/USD attention to Greece, US docket
Developments from Greece will continue to be the almost exclusive catalyst for the pair, along with the upcoming releases in the UK economy: Initial Claims, Trade Balance and Factory Orders. On the euro side of the equation, the ECB will publish its Accounts of the last meeting, although their impact on markets appear as dubious.
On the Greek front, the country submitted a 26-page list of reforms on Wednesday although no bailout funds were released. Athens urged its EU peers to unlock the much-needed funds as the euro itself could be in danger otherwise. However, EU officials estimated that the reforms could be reviewed in the next Eurogroup meeting on April 24.
EUR/USD levels to watch
As of writing the pair is up 0.51% at 1.0818 and a surpass of 1.0846 (high Mar.31) would aim for 1.0858 (10-d MA) and then 1.0900 (high Mar.30). On the downside, the immediate support lies at 1.0713 (low Mar.31) ahead of 1.0688 (61.8% of 1.0457-1.1062) and finally 1.0650 (low Mar.20).
EUR/USD attention to Greece, US docket
Developments from Greece will continue to be the almost exclusive catalyst for the pair, along with the upcoming releases in the UK economy: Initial Claims, Trade Balance and Factory Orders. On the euro side of the equation, the ECB will publish its Accounts of the last meeting, although their impact on markets appear as dubious.
On the Greek front, the country submitted a 26-page list of reforms on Wednesday although no bailout funds were released. Athens urged its EU peers to unlock the much-needed funds as the euro itself could be in danger otherwise. However, EU officials estimated that the reforms could be reviewed in the next Eurogroup meeting on April 24.
EUR/USD levels to watch
As of writing the pair is up 0.51% at 1.0818 and a surpass of 1.0846 (high Mar.31) would aim for 1.0858 (10-d MA) and then 1.0900 (high Mar.30). On the downside, the immediate support lies at 1.0713 (low Mar.31) ahead of 1.0688 (61.8% of 1.0457-1.1062) and finally 1.0650 (low Mar.20).