Forex: EUR/USD returns to 1.2800
Forex pairs in this Article »
EUR/USD
FXstreet.com (Barcelona) - The shared currency is trading back to the psychological level at 1.2800 on Wednesday, paring almost all the losses after the disappointing EU finmin results, leaving Greece with empty hands.
Earlier on the euro found extra support on Chancellor Merkel comments pointing to lower interest rates and a bigger guarantee scheme to help Greece through 2016
At the moment, the cross is down 0.11% at 1.2801 with the immediate support at 1.2747(MA10d) followed by 1.2730 (low Nov.19) and then 1.2691 (low Nov.16).
On the flip side, a break above 1.2827 (MA21d) would expose 1.2876 (high Nov.7) and 1.2950 (high Nov.2).
Earlier on the euro found extra support on Chancellor Merkel comments pointing to lower interest rates and a bigger guarantee scheme to help Greece through 2016
At the moment, the cross is down 0.11% at 1.2801 with the immediate support at 1.2747(MA10d) followed by 1.2730 (low Nov.19) and then 1.2691 (low Nov.16).
On the flip side, a break above 1.2827 (MA21d) would expose 1.2876 (high Nov.7) and 1.2950 (high Nov.2).
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