25 Jun 2015
EUR/USD off highs, back to 1.1200
FXStreet (Edinburgh) - The single currency has left overnight tops near 1.1220 vs. the greenback and is now pushing EUR/USD back to the 1.1200 neighbourhood.
EUR/USD focus remains on Greece
In line with market expectations, the Eurogroup meeting has yielded no progress in the debt talks between Greece and its EU creditors on Wednesday, with negotiations expected to resume today in another meeting scheduled around the European noon.
The only release in Euroland has been the German Consumer Confidence gauged by Gfk’s Survey, coming in at 10.1 for the month of July vs. forecasts and previous reading at 10.2.
EUR/USD levels to consider
As of writing the pair is up 0.01% at 1.1206 and a breakout of 1.1221 (high Jun.25) would aim for 1.1349 (high Jun.23) and then 1.1404 (high Jun.22). On the flip side, the immediate support lines up at 1.1154 (low Jun.24) followed by 1.1135 (low Jun.23) and finally 1.1087 (low Jun.8).
EUR/USD focus remains on Greece
In line with market expectations, the Eurogroup meeting has yielded no progress in the debt talks between Greece and its EU creditors on Wednesday, with negotiations expected to resume today in another meeting scheduled around the European noon.
The only release in Euroland has been the German Consumer Confidence gauged by Gfk’s Survey, coming in at 10.1 for the month of July vs. forecasts and previous reading at 10.2.
EUR/USD levels to consider
As of writing the pair is up 0.01% at 1.1206 and a breakout of 1.1221 (high Jun.25) would aim for 1.1349 (high Jun.23) and then 1.1404 (high Jun.22). On the flip side, the immediate support lines up at 1.1154 (low Jun.24) followed by 1.1135 (low Jun.23) and finally 1.1087 (low Jun.8).