6 Jul 2015
EUR/USD keeps recovering post-referendum
FXStreet (Edinburgh) - The single currency is extending further its recovery from session lows, now pushing EUR/USD to the 1.1055/60 band.
EUR/USD bounces off 1.0970
After bottoming out in the 1.0970 area in the Asian open after the results from the Greek referendum, spot has managed to regain almost a big-figure and is now testing the 1.1060/70 region.
While markets continue to digest the ‘No’ win and speculations remain on the rise regarding the potential scenarios for Greece, traders have already shifted their focus to the key EU Leaders Summit meeting due tomorrow.
EUR/USD levels to consider
The pair is now advancing 0.36% at 1.1056 with the next support at 1.0970 (low Jul.6) followed by 1.0955 (low Jun.29) and finally 1.0900 (psychological level). On the other hand, a breakout of 1.1100 (psychological level) would open the door to 1.1171 (high Jul.1) and then 1.1234 (high Jun.24).
EUR/USD bounces off 1.0970
After bottoming out in the 1.0970 area in the Asian open after the results from the Greek referendum, spot has managed to regain almost a big-figure and is now testing the 1.1060/70 region.
While markets continue to digest the ‘No’ win and speculations remain on the rise regarding the potential scenarios for Greece, traders have already shifted their focus to the key EU Leaders Summit meeting due tomorrow.
EUR/USD levels to consider
The pair is now advancing 0.36% at 1.1056 with the next support at 1.0970 (low Jul.6) followed by 1.0955 (low Jun.29) and finally 1.0900 (psychological level). On the other hand, a breakout of 1.1100 (psychological level) would open the door to 1.1171 (high Jul.1) and then 1.1234 (high Jun.24).