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25 Feb 2015
EUR/USD steadies before more Yellen
FXStreet (Córdoba) - EUR/USD entered a consolidation phase over the last hours after pulling back from the 1.1390 area as the greenback cut losses across the board. At time of writing, EUR/USD is trading at the 1.1345 zone, little changed on the day.
The dollar is taking a breather as markets await Yellen testimony to continue in the US Congress. Yesterday's remarks were understood as the Fed is in no rush to hike rates. Meanwhile, ECB President Draghi is also schedule to speak in front of the Committee on Economic and Monetary Affairs of the European Parliament.
EUR/USD levels to watch
In terms of technical levels, EUR/USD could find next resistances at 1.1387 (daily high), 1.1394/1.1400 (Feb 20 high/psychological level) and 1.1429 (Feb 20 high). On the other hand, supports are seen at 1.1335 (daily l
The dollar is taking a breather as markets await Yellen testimony to continue in the US Congress. Yesterday's remarks were understood as the Fed is in no rush to hike rates. Meanwhile, ECB President Draghi is also schedule to speak in front of the Committee on Economic and Monetary Affairs of the European Parliament.
EUR/USD levels to watch
In terms of technical levels, EUR/USD could find next resistances at 1.1387 (daily high), 1.1394/1.1400 (Feb 20 high/psychological level) and 1.1429 (Feb 20 high). On the other hand, supports are seen at 1.1335 (daily l