14 Jul 2015
EUR/USD stuck around 1.1030
FXStreet (Edinburgh) - The shared currency keeps its gains above the 1.1000 handle, lifting EUR/USD near session tops around 1.1030/35.
EUR/USD focus on Greek Parliament
Spot has managed to revert the initial negative sentiment and is now flirting with session highs in the boundaries of the 1.1040 area, while market participants have now shifted their focus to tomorrow’s Greek vote, all amidst increasing political effervescence within the Syriza party.
On the data front, the ZEW Survey in Germany and the euro area missed expectations for the current month, while German consumer prices matched the preliminary prints, up 0.3% YoY and -0.1% MoM.
EUR/USD levels to watch
At the moment the pair is advancing 0.27% at 1.1031 with the next resistance at 1.1044 (high Jul.14) ahead of 1.1197 (high Jul.13) and finally 1.1215 (high Jul.10). On the downside, a break below 1.0965 (low Jul.14) would target 1.0916 (low Jul.7) en route to 1.0887 (low Jun.1).
EUR/USD focus on Greek Parliament
Spot has managed to revert the initial negative sentiment and is now flirting with session highs in the boundaries of the 1.1040 area, while market participants have now shifted their focus to tomorrow’s Greek vote, all amidst increasing political effervescence within the Syriza party.
On the data front, the ZEW Survey in Germany and the euro area missed expectations for the current month, while German consumer prices matched the preliminary prints, up 0.3% YoY and -0.1% MoM.
EUR/USD levels to watch
At the moment the pair is advancing 0.27% at 1.1031 with the next resistance at 1.1044 (high Jul.14) ahead of 1.1197 (high Jul.13) and finally 1.1215 (high Jul.10). On the downside, a break below 1.0965 (low Jul.14) would target 1.0916 (low Jul.7) en route to 1.0887 (low Jun.1).