EUR/USD bounced off from daily lows and rose back toward the 1.14 area as the greenback gives up some ground following a string of soft economic data.
EUR/USD recovered from a low of 1.1355 and climbed to a session high of 1.1396, as the greenback corrects across the board. However, US data is likely to have short-lived impact on the pair, as investors remain focus on Greek debt negotiations.
On Thursday, Greek government requested a 6-month extension that it was reportedly rejected by Germany. Greece's request will be discussed by senior Eurozone finance officials later Thursday, and by the Eurogroup on Friday.
EUR/USD levels to watch
At time of writing, the pair is trading at 1.1385, still a few pips below its opening price. In terms of technical levels, EUR/USD could find immediate supports at 1.1355/49 (daily low/21-day SMA), 1.1333 (Feb 18 low) and 1.1300 (psychological level). On the flip side, resistances line up at 1.1449 (daily high), 1.1485 (Feb 6 high) and 1.1500 (psychological level).
EUR/USD recovered from a low of 1.1355 and climbed to a session high of 1.1396, as the greenback corrects across the board. However, US data is likely to have short-lived impact on the pair, as investors remain focus on Greek debt negotiations.
On Thursday, Greek government requested a 6-month extension that it was reportedly rejected by Germany. Greece's request will be discussed by senior Eurozone finance officials later Thursday, and by the Eurogroup on Friday.
EUR/USD levels to watch
At time of writing, the pair is trading at 1.1385, still a few pips below its opening price. In terms of technical levels, EUR/USD could find immediate supports at 1.1355/49 (daily low/21-day SMA), 1.1333 (Feb 18 low) and 1.1300 (psychological level). On the flip side, resistances line up at 1.1449 (daily high), 1.1485 (Feb 6 high) and 1.1500 (psychological level).
