12 Jun 2015
EUR/USD tests lows in 1.1220
FXStreet (Edinburgh) - The shared currency is extending the downside pressure on Friday, dragging EUR/USD to session lows near 1.1220 pre-European opening.
EUR/USD focus on Greece
The pair is losing ground for the second consecutive session so far in response to a renewed bid tone around the greenback, while market participants will once again look to Greece for near term catalysts.
Data wise in Euroland, Spain will publish its final inflation figures during last months ahead of EMU’s Industrial Production, while the Reuters/Michigan index will take centre stage across the pond.
EUR/USD levels to watch
At the moment, the pair is now retreating 0.12% at 1.1243 with the next support at 1.1182 (low Jun.11) followed by 1.1087 (low Jun.8) and finally 1.1049 (low Jun.5). On the flip side, a break above 1.1334 (high Jun.11) would open the door to 1.1387 (high Jun.10) and then 1.1400 (psychological level).
EUR/USD focus on Greece
The pair is losing ground for the second consecutive session so far in response to a renewed bid tone around the greenback, while market participants will once again look to Greece for near term catalysts.
Data wise in Euroland, Spain will publish its final inflation figures during last months ahead of EMU’s Industrial Production, while the Reuters/Michigan index will take centre stage across the pond.
EUR/USD levels to watch
At the moment, the pair is now retreating 0.12% at 1.1243 with the next support at 1.1182 (low Jun.11) followed by 1.1087 (low Jun.8) and finally 1.1049 (low Jun.5). On the flip side, a break above 1.1334 (high Jun.11) would open the door to 1.1387 (high Jun.10) and then 1.1400 (psychological level).