12 Jun 2015
EUR/USD keeps 1.1220 post-US data
FXStreet (Edinburgh) - The shared currency keeps the range vs. the greenback on Friday, with EUR/USD hovering over the 1.1220 area.
EUR/USD ignores US releases
The pair practically bypassed the better-than-expected flash print of the Reuters/Michigan index, showing Consumer Sentiment coming in above estimates at 94.6 vs. 91.5 expected and 90.7 previous. Further data saw Current Conditions and Consumer Expectations also surpassing previous forecasts at 106.8 and 86.8, respectively.
Spot is looking to stabilize around current 1.1220/25 band amidst Greek woes and a generalized recovery in the US dollar.
EUR/USD key levels
As of writing the pair is losing 0.27% at 1.1228 with the next support at 1.1151 (low Jun.12) followed by 1.1087 (low Jun.8) and finally 1.1049 (low Jun.5). On the flip side, a breakout of 1.1268 (high Jun.12) would target 1.1334 (high Jun.11) en route to 1.1387 (high Jun.10).
EUR/USD ignores US releases
The pair practically bypassed the better-than-expected flash print of the Reuters/Michigan index, showing Consumer Sentiment coming in above estimates at 94.6 vs. 91.5 expected and 90.7 previous. Further data saw Current Conditions and Consumer Expectations also surpassing previous forecasts at 106.8 and 86.8, respectively.
Spot is looking to stabilize around current 1.1220/25 band amidst Greek woes and a generalized recovery in the US dollar.
EUR/USD key levels
As of writing the pair is losing 0.27% at 1.1228 with the next support at 1.1151 (low Jun.12) followed by 1.1087 (low Jun.8) and finally 1.1049 (low Jun.5). On the flip side, a breakout of 1.1268 (high Jun.12) would target 1.1334 (high Jun.11) en route to 1.1387 (high Jun.10).