13 Jul 2015
EUR/USD picks up pace on Greek deal
FXStreet (Edinburgh) - The shared currency is now gathering steam vs. the greenback on Monday, lifting EUR/USD to the vicinity of 1.1200 the figure.
EUR/USD firmer on deal rumours
The pair has left the area of session lows in sub-1.1100 levels today, while rumours of a positive breakthrough in the Summit has sparked hopes that a deal between Greece and its EU creditors could be imminent.
After more than 17 hours of deliberation, EU leaders seem to have come to an agreement, although confirmation is still needed. In t he meantime, spot continues its march north with 1.1200 at shouting distance.
EUR/USD levels to consider
The pair is now up 0.19% at 1.1186 with the next hurdle at 1.1200 (psychological level) and finally 1.1234 (high Jun.24). On the downside, a breach of 1.1094 (low Jul.13) would expose 1.1030 (low Jul.10) and then 1.0974 (low Jul.8).
EUR/USD firmer on deal rumours
The pair has left the area of session lows in sub-1.1100 levels today, while rumours of a positive breakthrough in the Summit has sparked hopes that a deal between Greece and its EU creditors could be imminent.
After more than 17 hours of deliberation, EU leaders seem to have come to an agreement, although confirmation is still needed. In t he meantime, spot continues its march north with 1.1200 at shouting distance.
EUR/USD levels to consider
The pair is now up 0.19% at 1.1186 with the next hurdle at 1.1200 (psychological level) and finally 1.1234 (high Jun.24). On the downside, a breach of 1.1094 (low Jul.13) would expose 1.1030 (low Jul.10) and then 1.0974 (low Jul.8).