24 Jun 2015
EUR/USD clings to 1.1200 despite no deal on Greece
FXStreet (Córdoba) - The euro continues to oscillate on both sides of 1.1200, showing total immunity to Greek developments on Wednesday despite another Eurozone summit and Eurogroup meeting concluded without a deal on Greek debt.
Eurogroup meeting concluded and finance ministers are expected to resume talks Thursday morning. Greek PM Alexis Tsipras and Jean-Claude Juncker are said to meet again tonight to continue negotiations.
Despite Greek uncertainty and broad dollar strength, EUR/USD managed to accomplished minor gains after three days of losses. At time of writing, EUR/USD is trading at 1.1198, 0.28% above its opening price.
EUR/USD levels to watch
In terms of technical levels, next could be found at 1.1154 (Jun 24 low), 1.1134/26 (Jun 23 low/50-day SMA) and 1.1100 (psychological level). On the flip side, resistances are seen at 1.1234 (Jun 24 high) and 1.1278 (10-day SMA) and 1.1300 (psychological level).
Eurogroup meeting concluded and finance ministers are expected to resume talks Thursday morning. Greek PM Alexis Tsipras and Jean-Claude Juncker are said to meet again tonight to continue negotiations.
Despite Greek uncertainty and broad dollar strength, EUR/USD managed to accomplished minor gains after three days of losses. At time of writing, EUR/USD is trading at 1.1198, 0.28% above its opening price.
EUR/USD levels to watch
In terms of technical levels, next could be found at 1.1154 (Jun 24 low), 1.1134/26 (Jun 23 low/50-day SMA) and 1.1100 (psychological level). On the flip side, resistances are seen at 1.1234 (Jun 24 high) and 1.1278 (10-day SMA) and 1.1300 (psychological level).