3 Jul 2015
EUR/USD keeps gains above 1.1100
FXStreet (Edinburgh) - The bid tone around the European currency remains well and sound on Friday, bolstering the current EUR/USD upside momentum.
EUR/USD slowly inching higher
The pair is prolonging its recovery sparked after the lower-than-expected results in the US Payrolls during June (223K) released on Thursday. The euro has also grabbed some buying interest after the mixed-to-positive Services PMIs in the euro area and the auspicious reading from the retail sales in the euro bloc.
Regarding Greece, a cautious tone prevails amongst traders in light of the upcoming referendum, which remains slightly tilted towards the ‘No’ vote according to last polls.
EUR/USD levels to consider
The pair is now advancing 0.24% at 1.1112 with the next resistance at 1.1171 (high Jul.1) followed by 1.1234 (high Jun.24) and finally 1.1244 (high Jun.30). On the downside, a breach of 1.1032 (low Jul.2) would target 1.1000 (psychological level) en route to 1.0955 (low Jun.29).
EUR/USD slowly inching higher
The pair is prolonging its recovery sparked after the lower-than-expected results in the US Payrolls during June (223K) released on Thursday. The euro has also grabbed some buying interest after the mixed-to-positive Services PMIs in the euro area and the auspicious reading from the retail sales in the euro bloc.
Regarding Greece, a cautious tone prevails amongst traders in light of the upcoming referendum, which remains slightly tilted towards the ‘No’ vote according to last polls.
EUR/USD levels to consider
The pair is now advancing 0.24% at 1.1112 with the next resistance at 1.1171 (high Jul.1) followed by 1.1234 (high Jun.24) and finally 1.1244 (high Jun.30). On the downside, a breach of 1.1032 (low Jul.2) would target 1.1000 (psychological level) en route to 1.0955 (low Jun.29).