1 Jul 2015
EUR/USD returns to the 1.1100 area
FXStreet (Edinburgh) - After a spike to the vicinity of 1.1180, EUR/USD has now returned to the 1.1100 neighbourhood.
EUR/USD negative as Greek optimism deflates
The initial relief rally following the letter submitted by Greek PM A.Tsipras has quickly evaporated, and with it the chances of the pair to clinch once again the 1.1200 handle
German officials, mainly finmin W.Schaeuble, have argued that there won’t be any further assessments or bailout-related comments before the Greek referendum on Sunday, where initial polls keep showing a slight advantage of the ‘No’ vote.
EUR/USD levels to consider
The pair is now retreating 0.29% at 1.1105 and a breach of 1.1087 (low Jun.8) would open the door to 1.1049 (low Jun.5) and finally 1.0955 (low Jun.29). On the flip side, the initial up barrier aligns at 1.1234 (high Jun.24) followed by 1.1244 (high Jun.30) and finally 1.1278 (high Jun.29).
EUR/USD negative as Greek optimism deflates
The initial relief rally following the letter submitted by Greek PM A.Tsipras has quickly evaporated, and with it the chances of the pair to clinch once again the 1.1200 handle
German officials, mainly finmin W.Schaeuble, have argued that there won’t be any further assessments or bailout-related comments before the Greek referendum on Sunday, where initial polls keep showing a slight advantage of the ‘No’ vote.
EUR/USD levels to consider
The pair is now retreating 0.29% at 1.1105 and a breach of 1.1087 (low Jun.8) would open the door to 1.1049 (low Jun.5) and finally 1.0955 (low Jun.29). On the flip side, the initial up barrier aligns at 1.1234 (high Jun.24) followed by 1.1244 (high Jun.30) and finally 1.1278 (high Jun.29).