So far throughout the US session, the 17-nation common currency remains on being solid after kissing a two-month high against the dollar and the yen after the European Central Bank President Mario Draghi proclaimed publicly that Greek party leaders had reached an agreement on austerity measures needed to obtain a bailout.
According to an emailed statement by the Greek Premier's office,an accord was met between Greek government and the troika this morning, afterGreek Finance Minister Evangelos Venizelos arrived in Brussles for an emergency meeting with his eura-area counterparts today to dicuss terms of the resuce package.
On March 20, Greece faces a 14.5 billion-euro bond payment, where the debt-chocked nation struggled to obtain an international aid package to avert an economic doom that could trigger another round of contagion in the euro area. Greece has no time to lose before the 15-day deadline.
Accordingly we watched The Dollar index which measures the performance of the U.S. dollar against a basket of currencies including the Euro, the Pound, and the Yen, plunged to currently trade at 78.71 recording its highest level at 78.57 and its lowest at 78.40.
Gold prices rose to reach $1746.44 per ounce climbing from the opening price of $173.76. Oil dropped to reach $99.90 after opening at $99.85 per barrel.
And therefore the euro rose against the dollar and remains on climbing to the upside sending in fact the EUR/USD pair to trade up around $1.3282 while recording the highest level of $1.3320 and lowest level of $1.3225, yet this pair is highly projected to fall according to the one-hour and four-hour stochastic oscillator.The trading range for today is among key support at 1.3045 and key resistance at 1.3455.
As for the British Pound, it is narrow trading, driving the GBP/USD pair to trade around $1.5832 while recording the highest level of $1.5884 and lowest of $1.5791 but is also forecasted to show a plummeting according mainly to the one-hour momentum indicators.The trading range for today is among key support at 1.5585 and key resistance at 1.6075.
Finally, the dollar rose and gained versus the Japanese Yen, after as the USD/JPY pair trades around ¥77.36 while recording the highest level of ¥77.41 and lowest levels of ¥77.03 showing mixed signs throughout its four-hour and one-hour momentum indicators.The trading range for today is among key support at 76.10 and key resistance now at 78.30.