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EUR/USD keeps session highs near 1.1480


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FXStreet (Edinburgh) – The bid tone around the shared currency is extending into the NA session on Tuesday, with EUR/USD meandering the upper-1.1400s.

EUR/USD boosted by Greek news


The pair has reacted positively following the optimism stemming from the Greek front today, with all the focus now on tomorrow’s meeting between Greek PM A.Tsipras and the Head of the European Commission J.C.Juncker. In addition, Greek finmin Y.Varoufakis will hold a meeting with ECB’s Draghi (Wednesday) and German finmin W.Schauble (Thursday).


Although these are the very first steps in the (a priori long) negotiation of the Greek debt, the current buoyant tone around it seems to get along with markets, helping spot to climb as high as the boundaries of the critical barrier at 1.1500.


EUR/USD significant levels


At the moment the pair is up 1.26% at 1.1479 with the next hurdle at 1.1500 (psychological level) ahead of 1.1551 (21-d MA) and then 1.1652 (high Jan.22). On the other hand, a breakdown of 1.1312 (hourly low Feb.3) would target 1.1280 (low Feb.2) en route to 1.1262 (low Jan.29).