18 Jun 2015
EUR/USD retreats from highs near 1.1420
FXStreet (Edinburgh) - The European currency manages to keep the trade in the upper bound of the daily range, taking EUR/USD to the 1.1400/20 band.
EUR/USD buoyant post ECB data, Greece
The buying interest around the euro remains well and sound today, extending the uptrend on Wednesday following the FOMC gathering and Chairwoman Yellen’s press conference.
In addition, the euro saw its demand supported after rumours that the ECB and EU officials could be drafting a debt relief statement were hovering over the markets. Furthermore, today’s ECB TLTRO take-up came in at €73.8 billion, surpassing estimates at €60 billion albeit down from €97.8 billion previous.
EUR/USD key levels
As of writing the pair is advancing 0.47% at 1.1391 with the next resistance at 1.1421 (high Jun.18) followed by 1.1450 (high May 18) and finally 1.1486 (high Feb.6). On the flip side, a breach of 1.1330 (low Jun.18) would target 1.1277 (10-d MA) en route to 1.1206 (low Jun.17).
EUR/USD buoyant post ECB data, Greece
The buying interest around the euro remains well and sound today, extending the uptrend on Wednesday following the FOMC gathering and Chairwoman Yellen’s press conference.
In addition, the euro saw its demand supported after rumours that the ECB and EU officials could be drafting a debt relief statement were hovering over the markets. Furthermore, today’s ECB TLTRO take-up came in at €73.8 billion, surpassing estimates at €60 billion albeit down from €97.8 billion previous.
EUR/USD key levels
As of writing the pair is advancing 0.47% at 1.1391 with the next resistance at 1.1421 (high Jun.18) followed by 1.1450 (high May 18) and finally 1.1486 (high Feb.6). On the flip side, a breach of 1.1330 (low Jun.18) would target 1.1277 (10-d MA) en route to 1.1206 (low Jun.17).