19 Jun 2015
EUR/USD dips to lows near 1.1340
FXStreet (Edinburgh) - The shared currency is now extending the offered tone, dragging EUR/USD to test fresh daily lows in the 1.1345/40 band.
EUR/USD focus on Greece
The pair continues to retrace yesterday’s multi-week peaks near 1.1440 following increasing jitters on the EU-Greece debt talks. After yesterday’s failure to clinch a deal at the Eurogroup meeting, EU leaders will hold an emergency meeting on Monday 22 in light of the upcoming deadline on June 30.
Nothing relevant on the data front in the region, with German Producer Prices coming in flat on a monthly basis in May, while contracting 1.3% over the last twelve months. EMU’s Current Account figures are due next, expected at €18.1 billion.
EUR/USD key levels
As of writing the pair is retreating 0.16% at 1.1340 and a breach of 1.1330 (low Jun.18) would target 1.1300 (psychological level) en route to 1.1206 (low Jun.17). On the flip side, the initial up barrier lines up at 1.1402 (high Jun.19) ahead of 1.1437 (high Jun.18) followed by 1.1450 (high May 18).
EUR/USD focus on Greece
The pair continues to retrace yesterday’s multi-week peaks near 1.1440 following increasing jitters on the EU-Greece debt talks. After yesterday’s failure to clinch a deal at the Eurogroup meeting, EU leaders will hold an emergency meeting on Monday 22 in light of the upcoming deadline on June 30.
Nothing relevant on the data front in the region, with German Producer Prices coming in flat on a monthly basis in May, while contracting 1.3% over the last twelve months. EMU’s Current Account figures are due next, expected at €18.1 billion.
EUR/USD key levels
As of writing the pair is retreating 0.16% at 1.1340 and a breach of 1.1330 (low Jun.18) would target 1.1300 (psychological level) en route to 1.1206 (low Jun.17). On the flip side, the initial up barrier lines up at 1.1402 (high Jun.19) ahead of 1.1437 (high Jun.18) followed by 1.1450 (high May 18).