EUR/USD holds above 1.13 threshold in the late-Asian session, quickly recovering from a dip below 1.1300 in the Asian opening hours.
Greece talks in focus
The EUR/USD now trades at 1.1339 levels, up 0.20% on the day, heading towards previously posted daily highs at 1.1341 levels. EUR/USD rebounded as traders booked profit on their short positions after failing miserably yet another time at the USD 1.15 resistance in the last US session. Moreover, traders may continue to monitor debt-deal re-negotiations between Greece and the ECB for further directions on the pair.
The main currency pair slumped in the previous session amid the Greek political turmoil and spectacular US non-farm payrolls report, which backed the case for the Federal Reserve (Fed) to raise interest rates. US non-farm payrolls rose by 257,000 during January, against the Market consensus of 230,000 jobs in January.
EUR/USD Technical Levels
The pair has an immediate resistance at 1.1365 levels, above which gains could be extended to 1.1400 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 1.1339 levels, up 0.20% on the day, heading towards previously posted daily highs at 1.1341 levels. EUR/USD rebounded as traders booked profit on their short positions after failing miserably yet another time at the USD 1.15 resistance in the last US session. Moreover, traders may continue to monitor debt-deal re-negotiations between Greece and the ECB for further directions on the pair.
The main currency pair slumped in the previous session amid the Greek political turmoil and spectacular US non-farm payrolls report, which backed the case for the Federal Reserve (Fed) to raise interest rates. US non-farm payrolls rose by 257,000 during January, against the Market consensus of 230,000 jobs in January.
EUR/USD Technical Levels
The pair has an immediate resistance at 1.1365 levels, above which gains could be extended to 1.1400 levels. On the flip side, support is seen at 1.1302 levels, below which it could extend losses to 1.1278
