5 Jun 2015
EUR/USD tests 1.1250 on German data
FXStreet (Edinburgh) - The single currency attempted a rebound vs. the greenback following the release of German data on Friday, lifting EUR/USD to the mid-1.1200s.
EUR/USD focus on Greece, EMU, NFP
Negotiations between EU officials and their Greek peers are set to continue today amidst the apparent worsening of the scenario following yesterday’s Greece request to bundle up its June repayments and pay them at the end of June.
In the data front, EMU’s GDP figures for the first quarter are due, with consensus pointing to and expansion of 0.4% inter-quarter. Across the pond, US Non-farm Payrolls will steal the show, with prior surveys expecting 225K in May.
EUR/USD levels to watch
The pair is losing 0.05% at 1.1231 with the next hurdle at 1.1251 (high Jun.5) followed by 1.1383 (high May 13) and then 1.1400 (psychological level). On the downside, a break below 1.1180 (low Jun.5) would open the door to 1.1079 (low Jun.3) and then 1.0918 (low Jun.2).
EUR/USD focus on Greece, EMU, NFP
Negotiations between EU officials and their Greek peers are set to continue today amidst the apparent worsening of the scenario following yesterday’s Greece request to bundle up its June repayments and pay them at the end of June.
In the data front, EMU’s GDP figures for the first quarter are due, with consensus pointing to and expansion of 0.4% inter-quarter. Across the pond, US Non-farm Payrolls will steal the show, with prior surveys expecting 225K in May.
EUR/USD levels to watch
The pair is losing 0.05% at 1.1231 with the next hurdle at 1.1251 (high Jun.5) followed by 1.1383 (high May 13) and then 1.1400 (psychological level). On the downside, a break below 1.1180 (low Jun.5) would open the door to 1.1079 (low Jun.3) and then 1.0918 (low Jun.2).