8 Jul 2015
EUR/USD through 1.1000, focus on Greece
FXStreet (Edinburgh) - The shared currency has trimmed initial losses and has managed to push EUR/USD beyond the psychological handle at 1.1000.
EUR/USD attention to Greece, FOMC
The pair has left recent lows in the vicinity of 1.0900 the figure on Tuesday and has returned to the boundaries of the 1.1000 mark, as the greenback has receded part of the recent gains.
Market participants are now focused on the ‘new’ Greek proposals to be submitted in the next hours, while the other focus of attention will be the FOMC minutes to be published in the European evening.
EUR/USD levels to consider
The pair is now retreating 0.02% at 1.1009 with the next support at 1.0970 (low Jul.6) followed by 1.0955 (low Jun.29) and finally 1.0900 (psychological level). On the other hand, a breakout of 1.1059 (high Jul.7) would aim for 1.1171 (high Jul.1) and then 1.1234 (high Jun.24).
EUR/USD attention to Greece, FOMC
The pair has left recent lows in the vicinity of 1.0900 the figure on Tuesday and has returned to the boundaries of the 1.1000 mark, as the greenback has receded part of the recent gains.
Market participants are now focused on the ‘new’ Greek proposals to be submitted in the next hours, while the other focus of attention will be the FOMC minutes to be published in the European evening.
EUR/USD levels to consider
The pair is now retreating 0.02% at 1.1009 with the next support at 1.0970 (low Jul.6) followed by 1.0955 (low Jun.29) and finally 1.0900 (psychological level). On the other hand, a breakout of 1.1059 (high Jul.7) would aim for 1.1171 (high Jul.1) and then 1.1234 (high Jun.24).