22 Jul 2015
EUR/USD regains 1.0900, focus on Greece
FXStreet (Edinburgh) - After dropping to session lows in the 1.0800 area, EUR/USD has now regained the 1.0900 barrier and advanced to the 1.0910/15 band.
EUR/USD still in red, eyes on Greece
The pair is now picking up pace along with a softer tone in the US dollar, which has retreated from session peaks in terms of the USD Index. Quite a choppy session for the pair in spite of the lack of releases in Euroland, while a cautious tone and expectations of the Greek vote tonight continues to drive traders’ sentiment.
Poor calendar in the euro area this week has left the focus of attention on Friday only, with the release of the preliminary manufacturing and services PMIs in the region. Across the pond, however, Thursday’s Initial Claims and Friday’s New Home Sales and Markit’s manufacturing PMI will keep investors entertained.
EUR/USD levels to watch
At the moment the pair is retreating 0.28% at 1.0904 with the next support at 1.0869 (low Jul.22) ahead of 1.0812 (low Jul.21) and finally 1.0789 (low Apr.25). On the flip side, a break above1.0968 (high Jul.22) would target 1.1036 (high Jul.15) en route to 1.1086 (high Jul.14).
EUR/USD still in red, eyes on Greece
The pair is now picking up pace along with a softer tone in the US dollar, which has retreated from session peaks in terms of the USD Index. Quite a choppy session for the pair in spite of the lack of releases in Euroland, while a cautious tone and expectations of the Greek vote tonight continues to drive traders’ sentiment.
Poor calendar in the euro area this week has left the focus of attention on Friday only, with the release of the preliminary manufacturing and services PMIs in the region. Across the pond, however, Thursday’s Initial Claims and Friday’s New Home Sales and Markit’s manufacturing PMI will keep investors entertained.
EUR/USD levels to watch
At the moment the pair is retreating 0.28% at 1.0904 with the next support at 1.0869 (low Jul.22) ahead of 1.0812 (low Jul.21) and finally 1.0789 (low Apr.25). On the flip side, a break above1.0968 (high Jul.22) would target 1.1036 (high Jul.15) en route to 1.1086 (high Jul.14).