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22 Apr 2015
EUR/USD pushed back from session highs
FXStreet (Mumbai) - The EUR/USD ran into offers at the session high of 1.0799, which pushed back the pair below its 5-DMA located at 1.0772.
Greece to refuse Vat hike and Pension cuts
The latest drop from the session high could have been triggered by Greek state minister Papas, who said Greece wants a deal with its international creditors, but not just any deal. He further added that Greece would continue to refuse EU/IMF calls for VAT hikes and pension cuts.
Greece is to submit the list of reforms, which if accepted by EU officials shall release much needed financing that shall help the country avoid a default.
EUR/USD Technical Levels
The pair currently trades at 1.0764 with the immediate resistance seen at 1.0772 (5-DMA) followed by a resistance at 1.0826 (38.2% Fib retr. of 1.0461-1.1050). On the other hand, support is seen at 1.0711 (10-DMA) and 1.0658.
Greece to refuse Vat hike and Pension cuts
The latest drop from the session high could have been triggered by Greek state minister Papas, who said Greece wants a deal with its international creditors, but not just any deal. He further added that Greece would continue to refuse EU/IMF calls for VAT hikes and pension cuts.
Greece is to submit the list of reforms, which if accepted by EU officials shall release much needed financing that shall help the country avoid a default.
EUR/USD Technical Levels
The pair currently trades at 1.0764 with the immediate resistance seen at 1.0772 (5-DMA) followed by a resistance at 1.0826 (38.2% Fib retr. of 1.0461-1.1050). On the other hand, support is seen at 1.0711 (10-DMA) and 1.0658.