18 May 2015
EUR/USD in lows near 1.1330
FXStreet (Edinburgh) - The offered tone is now picking up pace around the shared currency, dragging EUR/USD to visit intraday troughs near 1.1330.
EUR/USD weaker, focus on Greece
The softer tone in the pair is more evidenced now, navigating the lower bound of the daily range around 1.1340/30. Greek woes continue to weigh on spot, while market participants turning their focus on tonight’s TV interview of Greek finmin Y.Varoufakis as a potential driver for the price action in the very near term, while the EU Leaders summit in the second half of the week could shed more light on the delicate situation surrounding Greece.
On the data front in Euroland, Tuesday will bring the ZEW Survey in Germany and the euro area, while EMU’s final CPI figures for the month of April are also due.
EUR/USD significant levels
As of writing the pair is losing 0.93% at 1.1343 with the immediate support at 1.1332 (low May 18) ahead of 1.1324 (low May 15) and then 1.1302 (10-d MA). On the flip side, a breakout of 1.1451 (high May 18) would target 1.1468 (high May 15) en route to 1.1486 (high Feb.6).
EUR/USD weaker, focus on Greece
The softer tone in the pair is more evidenced now, navigating the lower bound of the daily range around 1.1340/30. Greek woes continue to weigh on spot, while market participants turning their focus on tonight’s TV interview of Greek finmin Y.Varoufakis as a potential driver for the price action in the very near term, while the EU Leaders summit in the second half of the week could shed more light on the delicate situation surrounding Greece.
On the data front in Euroland, Tuesday will bring the ZEW Survey in Germany and the euro area, while EMU’s final CPI figures for the month of April are also due.
EUR/USD significant levels
As of writing the pair is losing 0.93% at 1.1343 with the immediate support at 1.1332 (low May 18) ahead of 1.1324 (low May 15) and then 1.1302 (10-d MA). On the flip side, a breakout of 1.1451 (high May 18) would target 1.1468 (high May 15) en route to 1.1486 (high Feb.6).