4 Jun 2015
EUR/USD eases towards 1.1320
FXStreet (Edinburgh) - The European currency is now losing some of its shine, pushing EUR/USD back to the 1.1320 area.
EUR/USD attention to Greece
While the sell off in the German debt markets continues unabated on Thursday, Greek concerns amongst traders seem to have woken up as important repayments are looming and the lack of progress from the debt talks is no less than alarming. The negotiations between Greece and the EU creditors are set to continue today, following last night’s Tsipras-Juncker fiasco.
In the data space, US Initial Claims (279K exp.) for the week ended on May 29th are due along with Nonfarm Productivity and Unit Labor Costs during Q1.
EUR/USD levels to watch
The pair is gaining 0.39% at 1.1319 with the next hurdle at 1.1383 (high May 13) followed by 1.1400 (psychological level) and finally 1.14444 (high May 14). On the downside, a break below 1.1230 (low Jun.4) would open the door to 1.1079 (low Jun.3) and then 1.0918 (low Jun.2).
EUR/USD attention to Greece
While the sell off in the German debt markets continues unabated on Thursday, Greek concerns amongst traders seem to have woken up as important repayments are looming and the lack of progress from the debt talks is no less than alarming. The negotiations between Greece and the EU creditors are set to continue today, following last night’s Tsipras-Juncker fiasco.
In the data space, US Initial Claims (279K exp.) for the week ended on May 29th are due along with Nonfarm Productivity and Unit Labor Costs during Q1.
EUR/USD levels to watch
The pair is gaining 0.39% at 1.1319 with the next hurdle at 1.1383 (high May 13) followed by 1.1400 (psychological level) and finally 1.14444 (high May 14). On the downside, a break below 1.1230 (low Jun.4) would open the door to 1.1079 (low Jun.3) and then 1.0918 (low Jun.2).