1 Jul 2015
EUR/USD back to square one on latest Greek referendum poll
FXStreet (Mumbai) - The EUR/USD has recovered minor losses to trade around 1.1130 after the latest Greek referendum poll showed ‘No’ vote has been trimmed lower.
Focus on Referendum polls
The pair dropped to a low of 1.1115 before recovering on the latest EFSYN Greek referendum poll. The shared currency found support after the poll showed a drop in the ‘No’ vote to 47% from the previously reported 57%.
Apart from the referendum polls, the investors could also take cues from the manufacturing PMI reports due across the Eurozone. However, it remains to be seen if an improvement in the private sector activity is able to overshadow Greek issue and strengthen the EUR.
EUR/USD Technical Levels
At the moment, the pair is trading at 1.1130. A break above the immediate resistance at 1.1161 (hourly 100-MA) could see the pair re-test the stiff resistance of the hourly 200-MA at 1.1220. On the other hand, support is seen at 1.1130, 1.1130 (June 26 low), under which a next major support is seen at 1.1082 and 1.1050 (Mar 26 high).
Focus on Referendum polls
The pair dropped to a low of 1.1115 before recovering on the latest EFSYN Greek referendum poll. The shared currency found support after the poll showed a drop in the ‘No’ vote to 47% from the previously reported 57%.
Apart from the referendum polls, the investors could also take cues from the manufacturing PMI reports due across the Eurozone. However, it remains to be seen if an improvement in the private sector activity is able to overshadow Greek issue and strengthen the EUR.
EUR/USD Technical Levels
At the moment, the pair is trading at 1.1130. A break above the immediate resistance at 1.1161 (hourly 100-MA) could see the pair re-test the stiff resistance of the hourly 200-MA at 1.1220. On the other hand, support is seen at 1.1130, 1.1130 (June 26 low), under which a next major support is seen at 1.1082 and 1.1050 (Mar 26 high).