15 Jul 2015
EUR/USD returns to 1.1020 ahead of Yellen
FXStreet (Edinburgh) - The single currency keeps its gains above the 1.1000 handle vs. the greenback so far, with EUR/USD hovering over the 1.1020/15 band.
EUR/USD capped by 1.1040
The pair clings to its modest daily gains, with the upside so far limited by intraday tops around 1.1040. Market participants remain vigilant on the events coming from the Greek front, with the Parliament vote results expected tonight after the US close.
On the USD-side of the equation, traders will closely follow Chair J.Yellen’s Semi-Annual Testimony at Capitol Hill, looking for clues on the timing of the Fed’s lift-off. Further releases in the US economy will be Industrial Production, Capacity Utilization, Producer Prices and the Beige Book.
EUR/USD levels to watch
At the moment the pair is advancing 0.07% at 1.1017 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 capped by 1.1040
The pair clings to its modest daily gains, with the upside so far limited by intraday tops around 1.1040. Market participants remain vigilant on the events coming from the Greek front, with the Parliament vote results expected tonight after the US close.
On the USD-side of the equation, traders will closely follow Chair J.Yellen’s Semi-Annual Testimony at Capitol Hill, looking for clues on the timing of the Fed’s lift-off. Further releases in the US economy will be Industrial Production, Capacity Utilization, Producer Prices and the Beige Book.
EUR/USD levels to watch
At the moment the pair is advancing 0.07% at 1.1017 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).