3 Jul 2015
EUR/USD climbs to highs around 1.1110
FXStreet (Edinburgh) - Mixed results from Services PMIs in the euro area seems to have given EUR/USD some motivation, now posting session tops in the 1.1110/15 band.
EUR/USD firmer on PMIs
Data from the Services sector in Spain and Germany disappointed expectations during June, while prints in Italy, France and the euro area either surpassed estimates or matched consensus.
Anyway, thin trade and scarce volatility continue to prevail today in the global markets, following the inactivity in the US markets and the cautious tone ahead of Sunday’s referendum in Greece.
EUR/USD levels to consider
The pair is now advancing 0.26% at 1.1114 with the next resistance at 1.1171 (high Jul.1) followed by 1.1234 (high Jun.24) and finally 1.1244 (high Jun.30). On the downside, a breach of 1.1032 (low Jul.2) would target 1.1000 (psychological level) en route to 1.0955 (low Jun.29).
EUR/USD firmer on PMIs
Data from the Services sector in Spain and Germany disappointed expectations during June, while prints in Italy, France and the euro area either surpassed estimates or matched consensus.
Anyway, thin trade and scarce volatility continue to prevail today in the global markets, following the inactivity in the US markets and the cautious tone ahead of Sunday’s referendum in Greece.
EUR/USD levels to consider
The pair is now advancing 0.26% at 1.1114 with the next resistance at 1.1171 (high Jul.1) followed by 1.1234 (high Jun.24) and finally 1.1244 (high Jun.30). On the downside, a breach of 1.1032 (low Jul.2) would target 1.1000 (psychological level) en route to 1.0955 (low Jun.29).