10 Jul 2015
EUR/USD eyes 1.12, EU-Greece deal imminent?
FXStreet (Edinburgh) - The European currency keeps pushing higher today, now lifting EUR/USD to session lows in the 1.1180 region.
EUR/USD optimist on Greece deal
The pair is extending its relentless march north today bolstered by the broad risk-on sentiment stemming from the likeliness of a Greece-EU deal in the coming days. Spot gained further traction after EU officials slipped the possibility that both parties could seal an agreement at tomorrow’s Eurogroup meeting, or event during today’s session.
On the not so bright side, German officials remain sceptical on the imminence of a deal, although market participants largely ignore this. Next of note in the pair will be the speech by Fed’s Chairwoman J.Yellen, due this evening in Europe.
EUR/USD levels to consider
The pair is now up 1.36% at 1.1188 with the next hurdle at 1.1234 (high Jun.24) ahead of 1.1244 (high Jun.30) and then 1.1274 (high Jun.29). On the downside, a breach of 1.1030 (low Jul.10) would aim for 1.0974 (low Jul.8) and then 1.0916 (low Jul.7).
EUR/USD optimist on Greece deal
The pair is extending its relentless march north today bolstered by the broad risk-on sentiment stemming from the likeliness of a Greece-EU deal in the coming days. Spot gained further traction after EU officials slipped the possibility that both parties could seal an agreement at tomorrow’s Eurogroup meeting, or event during today’s session.
On the not so bright side, German officials remain sceptical on the imminence of a deal, although market participants largely ignore this. Next of note in the pair will be the speech by Fed’s Chairwoman J.Yellen, due this evening in Europe.
EUR/USD levels to consider
The pair is now up 1.36% at 1.1188 with the next hurdle at 1.1234 (high Jun.24) ahead of 1.1244 (high Jun.30) and then 1.1274 (high Jun.29). On the downside, a breach of 1.1030 (low Jul.10) would aim for 1.0974 (low Jul.8) and then 1.0916 (low Jul.7).