25 Jun 2015
EUR/USD surrenders gains post-US data
FXStreet (Edinburgh) - The greenback is now picking up pace vs. the euro, pushing EUR/USD to the 1.1190 area.
EUR/USD a tad weaker on US releases
The pair keeps the range after the US docket surprised investors to the upside today, with Initial Claims and Personal Spending both surpassing initial forecasts. In addition, inflation figures tracked by the PCE rose at an annual pace of 0.2% and Personal Income advanced 0.5%.
On the Greek front, there is still no deal between Greece and the EU creditors, with rumours of a ‘final’ meeting on Saturday already building up amongst market participants.
EUR/USD levels to consider
As of writing the pair is up 0.02% at 1.1207 with the next resistance at 1.1229 (high Jun.25) followed by 1.1288 (Tenkan Sen) and then 1.1292 (low Jun.19). On the flip side, a break below 1.1154 (low Jun.24) would aim for 1.1135 (low Jun.23) and finally 1.1087 (low Jun.8).
EUR/USD a tad weaker on US releases
The pair keeps the range after the US docket surprised investors to the upside today, with Initial Claims and Personal Spending both surpassing initial forecasts. In addition, inflation figures tracked by the PCE rose at an annual pace of 0.2% and Personal Income advanced 0.5%.
On the Greek front, there is still no deal between Greece and the EU creditors, with rumours of a ‘final’ meeting on Saturday already building up amongst market participants.
EUR/USD levels to consider
As of writing the pair is up 0.02% at 1.1207 with the next resistance at 1.1229 (high Jun.25) followed by 1.1288 (Tenkan Sen) and then 1.1292 (low Jun.19). On the flip side, a break below 1.1154 (low Jun.24) would aim for 1.1135 (low Jun.23) and finally 1.1087 (low Jun.8).