15 Jul 2015
EUR/USD off highs, back to 1.1000
FXStreet (Edinburgh) - EUR/USD has tested the upper bound of the range near 1.1030, although the up move seems to have run out of legs and prompted the pair to return to 1.1000.
EUR/USD focus on Greek vote, Yellen
Spot is gathering steam ahead of the opening bell in Euroland, looking to consolidate the trade above the psychological mark at 1.1000. In the meantime, the upcoming Greek vote on the recent bailout package will take centre stage, although the results should come out after the US close, according to sources.
In another direction, Chair J.Yellen will give her Semi-Annual Testimony at Capitol Hill during the European evening. Consensus expects Yellen’s tone to be somewhat supportive of the USD, which could put some downward pressure on the pair.
EUR/USD levels to watch
At the moment the pair is advancing 0.02% at 1.1011 with the next resistance at 1.1086 (high Jul.14) ahead of 1.1197 (high Jul.13) and finally 1.1215 (high Jul.10). On the downside, a break below 1.0965 (low Jul.14) would target 1.0916 (low Jul.7) en route to 1.0887 (low Jun.1).
EUR/USD focus on Greek vote, Yellen
Spot is gathering steam ahead of the opening bell in Euroland, looking to consolidate the trade above the psychological mark at 1.1000. In the meantime, the upcoming Greek vote on the recent bailout package will take centre stage, although the results should come out after the US close, according to sources.
In another direction, Chair J.Yellen will give her Semi-Annual Testimony at Capitol Hill during the European evening. Consensus expects Yellen’s tone to be somewhat supportive of the USD, which could put some downward pressure on the pair.
EUR/USD levels to watch
At the moment the pair is advancing 0.02% at 1.1011 with the next resistance at 1.1086 (high Jul.14) ahead of 1.1197 (high Jul.13) and finally 1.1215 (high Jul.10). On the downside, a break below 1.0965 (low Jul.14) would target 1.0916 (low Jul.7) en route to 1.0887 (low Jun.1).