23 Jul 2015
EUR/USD firmer, 1.10 closer
FXStreet (Edinburgh) - The bid tone is intact around the euro on Thursday, now pushing EUR/USD back to the vicinity of the psychological handle at 1.1000.
EUR/USD stronger, dollar weakens
A wave of selling interest is now punishing the US dollar following the opening bell in Euroland, sending spot at shouting distance from the key barrier at 1.1000. The usual ‘stop-triggering’ plus added optimism in response to the Greek positive vote on the second package of austerity measures could be fuelling the current bull run.
In the data space, EMU’s flash Consumer Confidence is expected to come in at -5.68 for the current month, whereas Initial Claims (280K exp.) are only due across the pond.
EUR/USD levels to watch
At the moment the pair is up 0.57% at 1.0992 with the next hurdle at 1.1000 (high Jul.23) ahead of 1.1036 (high Jul.15) and finally 1.1086 (high Jul.14). On the flip side, a breakdown of 1.0892 (low Jul.22) would aim for 1.0812 (low Jul.21) and then 1.0789 (low Apr.25).
EUR/USD stronger, dollar weakens
A wave of selling interest is now punishing the US dollar following the opening bell in Euroland, sending spot at shouting distance from the key barrier at 1.1000. The usual ‘stop-triggering’ plus added optimism in response to the Greek positive vote on the second package of austerity measures could be fuelling the current bull run.
In the data space, EMU’s flash Consumer Confidence is expected to come in at -5.68 for the current month, whereas Initial Claims (280K exp.) are only due across the pond.
EUR/USD levels to watch
At the moment the pair is up 0.57% at 1.0992 with the next hurdle at 1.1000 (high Jul.23) ahead of 1.1036 (high Jul.15) and finally 1.1086 (high Jul.14). On the flip side, a breakdown of 1.0892 (low Jul.22) would aim for 1.0812 (low Jul.21) and then 1.0789 (low Apr.25).