15 Jul 2015
EUR/USD eases-off highs, near 1.1025
FXStreet (Mumbai) - The European currency remains well bid versus the US dollar in the mid-European session, lifting EUR/USD beyond 1.10 handle, as the shared currency remains broadly supported amid a data-empty EUR calendar with all eyes set on further developments on the Greece front while digesting the latest Greece headlines.
EUR/USD retraces from 1.1036
The EUR/USD pair trades 0.14%% higher at 1.1024, quickly retreating from 1.1036 session highs. The shared currency erased losses and trades higher as traders remain optimistic on the Greece parliament vote on the deal with the country’s legislators approving and thereby implementing the reforms in exchange for the bailout funds from the EU.
In the meantime, EUR/USD is also likely to be influenced by Fed Chair Yellen’s testimony scheduled before the Greek vote. Yellen is expected to maintain her stance of the rate-hike sometime this year, having major impact on the US dollar across the board.
EUR/USD Technical Levels
The pair has an immediate resistance at 1.1052 (July 7 High) levels, above which gains could be extended to 1.1095 (July 6 High) levels. On the flip side, support is seen at 1.0967 (Today’s Low) below which it could extend losses to 1.0917 (July 7 Low) levels.
EUR/USD retraces from 1.1036
The EUR/USD pair trades 0.14%% higher at 1.1024, quickly retreating from 1.1036 session highs. The shared currency erased losses and trades higher as traders remain optimistic on the Greece parliament vote on the deal with the country’s legislators approving and thereby implementing the reforms in exchange for the bailout funds from the EU.
In the meantime, EUR/USD is also likely to be influenced by Fed Chair Yellen’s testimony scheduled before the Greek vote. Yellen is expected to maintain her stance of the rate-hike sometime this year, having major impact on the US dollar across the board.
EUR/USD Technical Levels
The pair has an immediate resistance at 1.1052 (July 7 High) levels, above which gains could be extended to 1.1095 (July 6 High) levels. On the flip side, support is seen at 1.0967 (Today’s Low) below which it could extend losses to 1.0917 (July 7 Low) levels.