10 Aug 2015
EUR/USD flirting with 1.1000
FXStreet (Edinburgh) - The buying interest around the euro is now picing up pace, lifting EUR/USD to test session tops in the 1.1000 neighbourhood.
EUR/USD firmer on weak USD
The greenback, when measured by the US Dollar Index, seems to have resumed last Friday’s selling mood, dropping to session lows after clinching tops during the European morning.
Spot has left behind the initial directionless pattern and is now on its way to re-test the psychological handle at 1.1000, in spite of the lack of releases and events in both Euroland and the US economy.
Back to the Greek front, the third bailout package has been estimated around €90 billion.
EUR/USD relevant levels
As of writing the pair is advancing 0.27% at 1.0995 with the next hurdle at 1.1018 (high Jul.23) ahead of 1.1080 (high Jul.29) and finally 1.1113 (high Jul.31). On the downside, a break below 1.0855 (low Aug.7) would open the door to 1.0848 (low Aug.5) and then 1.0811 (low Jul.11).
EUR/USD firmer on weak USD
The greenback, when measured by the US Dollar Index, seems to have resumed last Friday’s selling mood, dropping to session lows after clinching tops during the European morning.
Spot has left behind the initial directionless pattern and is now on its way to re-test the psychological handle at 1.1000, in spite of the lack of releases and events in both Euroland and the US economy.
Back to the Greek front, the third bailout package has been estimated around €90 billion.
EUR/USD relevant levels
As of writing the pair is advancing 0.27% at 1.0995 with the next hurdle at 1.1018 (high Jul.23) ahead of 1.1080 (high Jul.29) and finally 1.1113 (high Jul.31). On the downside, a break below 1.0855 (low Aug.7) would open the door to 1.0848 (low Aug.5) and then 1.0811 (low Jul.11).