The EUR/USD continues to waver around its pre-weekend levels as eurozone finance ministers meet again to discuss Greek situation. At time of writing, EUR/USD is quoting at the 1.2970 zone, where it is virtually unchanged since opening, having hit a low of 1.2943 at the beginning of the European session.
From a technical view, the ICN.com team notes that the pair has been trading narrowly following the sharp upside movements seen on Friday. â€œIt is still trapped below 1.30 psychological level which also represents a previous solid support. Anyway, we suggest potential breakout above the 1.30s due to the positive effect of the weekly candlestickâ€, they say. â€œOn the downside, clearing 1.2825 will change these expectationsâ€.
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