EURUSD Movement
For the 24 hours to 23:00 GMT, EUR rose 1.02% against the USD and closed at 1.4314, on speculation that Greece Parliament would approve an austerity package this week and avoid defaulting on its debt.
The German Finance Minister, Wolfgang Schaeuble stated on Monday that he is confident that the Greek Parliament would approve the difficult, but necessary, austerity measures, which is required to secure further international aid.
In the Asian session, at 3:00GMT, the EURUSD is trading at 1.4305, 0.06% lower from the levels yesterday at 23:00GMT.
The pair has its first short term resistance at 1.4386, followed by the next resistance at 1.4466. The first support is at 1.4169, with the subsequent support at 1.4032.
Trading trends in the pair today are expected to be determined by release of consumer price index in Germany.
The currency pair is trading just above its 20 Hr and its 50 Hr moving averages.
