EUR/USD Weekly Forecast - 23 February - 27 February
After it initially jumped all the way to 1.1450 handle, in a less eventful week with data releases euro was pushed down on concerns on possible Greek exit from Eurozone since there is still no conscnsus on Greek request for 6-month extension. This pushed pair below 1.13 handle during the Friday's session, but it managed to rebound by the end of the day.
Next week should be more eventful, we would particular pay attention to Mario Draghi's speeches and US CPI data. Pair is likely to find some amount of support around 1.1270 level, initially in the week, while we can now expect resistance above 1.1440 level, as it was the case the last week. On a long-term basis we have no interest in buying this pair, and it even seems that it is trying to break below consolidation bottom, so we would consider shorting it after a break below 1.1250 level.
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gdp95
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