6 Jul 2015
EUR/USD attempts to extend recovery amid Greek developments
FXStreet (Córdoba) - EUR/USD resumed the recovery and approached daily highs as the dollar weakened across the board as risk aversion recedes.
EUR/USD opened sharply lower and struck a low of 1.0969 after the NO victory in Greek referendum, but as dust settled the euro and other risky assets managed to recover ground and trimmed early losses.
However, the upside has remained capped by the 100-hour SMA, confining the pair to some volatile moves over the last hours as investors continue to monitor developments in Greece. At time of writing, EUR/USD is trading at 1.1065, recording a 0.29% loss on the day.
EUR/USD levels to watch
In terms of technical levels, next supports are seen at 1.0969 (Jul 6 low) and then 1.0900 (psychological level). On the other hand, next resistances are seen at 1.1087 (100-hour SMA) followed by 1.1121 (Jul 2 high) and 1.1140 (10-day SMA).
EUR/USD opened sharply lower and struck a low of 1.0969 after the NO victory in Greek referendum, but as dust settled the euro and other risky assets managed to recover ground and trimmed early losses.
However, the upside has remained capped by the 100-hour SMA, confining the pair to some volatile moves over the last hours as investors continue to monitor developments in Greece. At time of writing, EUR/USD is trading at 1.1065, recording a 0.29% loss on the day.
EUR/USD levels to watch
In terms of technical levels, next supports are seen at 1.0969 (Jul 6 low) and then 1.0900 (psychological level). On the other hand, next resistances are seen at 1.1087 (100-hour SMA) followed by 1.1121 (Jul 2 high) and 1.1140 (10-day SMA).