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29 Dec 2014
EUR/USD steadies, Greece’s presidential election eyed
FXStreet (Mumbai) - The Euro trades almost unchanged against the US dollar in the European morning, easing slightly from the Asian session, as markets await a third round of Greece's presidential election voting scheduled later in the day.
Currently, the EUR/USD pair trades flat at 1.2175 levels, after breaking above 1.22 handle for a brief period to hit daily high at 1.2202 levels in Asian trading. The single currency is expected to remain pressured ahead of a key third and decisive round of voting in presidential election due later today. Over the weekend, Greece's Prime Minister Antonis Samaras urged legislators in Greece's parliament to prevent instability and vote for his nominee Stavros Dimas. The outcome of this election is likely to define the political course in Greece with further implications on Euro zone as a whole.
EUR/USD Technical Levels
The pair has an immediate resistance at 1.2022 (Today’s High) levels, above which gains could be extended to 1.2222 (Dec 24 High) levels. On the flip side, support is seen at 1.2164 (Dec 23 Low) levels, below which it could extend losses to 1.2140 (2012) levels.
Currently, the EUR/USD pair trades flat at 1.2175 levels, after breaking above 1.22 handle for a brief period to hit daily high at 1.2202 levels in Asian trading. The single currency is expected to remain pressured ahead of a key third and decisive round of voting in presidential election due later today. Over the weekend, Greece's Prime Minister Antonis Samaras urged legislators in Greece's parliament to prevent instability and vote for his nominee Stavros Dimas. The outcome of this election is likely to define the political course in Greece with further implications on Euro zone as a whole.
EUR/USD Technical Levels
The pair has an immediate resistance at 1.2022 (Today’s High) levels, above which gains could be extended to 1.2222 (Dec 24 High) levels. On the flip side, support is seen at 1.2164 (Dec 23 Low) levels, below which it could extend losses to 1.2140 (2012) levels.