22 Jul 2015
EUR/USD turns negative at 1.0930
FXStreet (Edinburgh) - The shared currency is now shedding initial gains vs. the dollar, taking EUR/USD back to the 1.0930 area.
EUR/USD attention to Greece
After posting fresh daily highs in the 1.0970 area, the pair is now losing some impetus and scaling back gains towards the 1.0940/30 band ahead of the Greek parliament vote on the second package of reforms recently submitted by PM A.Tsipras.
Still nothing worth mentioning in the data space in Euroland, with only Italian Industrial Sales and Retail Sales due later. Across the Atlantic, June’s Existing Home Sales (5.4 M exp.) is also due later.
EUR/USD levels to watch
At the moment the pair is down 0.03% at 1.0932 and a breach of 1.0924 (low Jul.22) would expose 1.0812 (low Jul.21) and finally 1.0789 (low Apr.25). On the flip side, the next resistance lines up at 1.0968 (high Jul.22) followed by 1.1036 (high Jul.15) and then 1.1086 (high Jul.14).
EUR/USD attention to Greece
After posting fresh daily highs in the 1.0970 area, the pair is now losing some impetus and scaling back gains towards the 1.0940/30 band ahead of the Greek parliament vote on the second package of reforms recently submitted by PM A.Tsipras.
Still nothing worth mentioning in the data space in Euroland, with only Italian Industrial Sales and Retail Sales due later. Across the Atlantic, June’s Existing Home Sales (5.4 M exp.) is also due later.
EUR/USD levels to watch
At the moment the pair is down 0.03% at 1.0932 and a breach of 1.0924 (low Jul.22) would expose 1.0812 (low Jul.21) and finally 1.0789 (low Apr.25). On the flip side, the next resistance lines up at 1.0968 (high Jul.22) followed by 1.1036 (high Jul.15) and then 1.1086 (high Jul.14).