3 Jul 2015
EUR/USD ignores Greek referendum poll
FXStreet (Mumbai) - The EUR/USD pair rose above 1.11 handle as investors ignored a narrow ‘No’ vote lead shown by Bloomberg poll for Greek referendum.
Pair awaits Services PMI across Eurozone
Apart from the Greek issue, the pair could be influenced by the services PMI reports across the Eurozone. The German services activity is expected to have expanded at a steady rate in June. Meanwhile, the Eurozone services activity is seen expanding at a faster rate compared to May. A strong reading could be positive for the EUR.
Post-PMI data, the trading volumes may drop as the US markets are closed on account of a trading holiday.
EUR/USD Technical Levels
At the moment, the pair is trading around 1.11 handle. The immediate resistance is seen at 1.1130, above which the pair could rise to 1.1167. On the flip side, a break below 1.1082 could push the pair down to the support at 1.1050.
Pair awaits Services PMI across Eurozone
Apart from the Greek issue, the pair could be influenced by the services PMI reports across the Eurozone. The German services activity is expected to have expanded at a steady rate in June. Meanwhile, the Eurozone services activity is seen expanding at a faster rate compared to May. A strong reading could be positive for the EUR.
Post-PMI data, the trading volumes may drop as the US markets are closed on account of a trading holiday.
EUR/USD Technical Levels
At the moment, the pair is trading around 1.11 handle. The immediate resistance is seen at 1.1130, above which the pair could rise to 1.1167. On the flip side, a break below 1.1082 could push the pair down to the support at 1.1050.