12 Jun 2015
EUR/USD off highs, treading water at 1.1270
FXStreet (Edinburgh) - The shared currency is navigating calmer waters now, with EUR/USD attempting to consolidate in the 1.1270/80 band.
EUR/USD capped at 1.1300
The abrupt bullish attempt following Greek headlines seems to have run out of vigour in the boundaries of 1.1300 the figure, with spot deflating to the 1.1270 area soon afterwards albeit keeping modest gains for the day.
In the meantime, Greece will remain the main driver for the global sentiment in the very near term, while debt talks are set to resume on Sunday or Monday between Greek officials, and their ECB and IMF counterparts.
Looking to Monday’s docket in Euroland, Italian inflation figures, EMU’s trade balance results and the speech by ECB’s M.Draghi appear in the horizon.
EUR/USD key levels
As of writing the pair is up 0.16% at 1.1276 and a surpass of 1.1297 (high Jun.12) would aim for 1.1334 (high Jun.11) en route to 1.1387 (high Jun.10). On the flip side, the next support aligns at 1.1151 (low Jun.12) followed by 1.1087 (low Jun.8) and finally 1.1049 (low Jun.5).
EUR/USD capped at 1.1300
The abrupt bullish attempt following Greek headlines seems to have run out of vigour in the boundaries of 1.1300 the figure, with spot deflating to the 1.1270 area soon afterwards albeit keeping modest gains for the day.
In the meantime, Greece will remain the main driver for the global sentiment in the very near term, while debt talks are set to resume on Sunday or Monday between Greek officials, and their ECB and IMF counterparts.
Looking to Monday’s docket in Euroland, Italian inflation figures, EMU’s trade balance results and the speech by ECB’s M.Draghi appear in the horizon.
EUR/USD key levels
As of writing the pair is up 0.16% at 1.1276 and a surpass of 1.1297 (high Jun.12) would aim for 1.1334 (high Jun.11) en route to 1.1387 (high Jun.10). On the flip side, the next support aligns at 1.1151 (low Jun.12) followed by 1.1087 (low Jun.8) and finally 1.1049 (low Jun.5).