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Varoufakis believes Athens would reach an agreement

Monday, Feb 16 2015
Since there are no major data releases from Eurozone investors are turned to global concerns mostly to possibility for Greece to exit Eurozone. Greek Finance Minister Yanis Varoufakis said on Saturday he believed Athens would reach an agreement with its EU lenders about the way out of its international bailout, "even at the last minute".
 
Asked in an interview with the Greek daily Kathimerini what would happen if no agreement was reached at Monday's Eurogroup meeting, and whether euro zone finance ministers would meet again in the coming days, Varoufakis said: "Our strong stance, based on logic, will lead to an agreement, even at the 11th hour."
 
Euro is currently being traded around 1.1410 area. Pair is likely to find support around 1.1350 and resistance above 1.1450 level. We can expect steadier rest of the session since US banks are being closed in observance of President's Day holiday.
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