23 Jul 2015
EUR/USD struggling to reclaim 1.1000
FXStreet (Mumbai) - The shared currency remains strongly bid against its American counterpart in the European morning, keeping EUR/USD in the upper band of 1.09 barrier, as the euro continues to enjoy the post-Greek vote positive sentiment while fighting hard to reclaim the psychological threshold of 1.10.
EUR/USD rejected at 1.1005
The EUR/USD pair trades at 0.57% at 1.0990, hovering close to fresh weekly highs reached at 1.1005 levels. The bid tone surrounding EUR/USD keeps growing bigger now as markets are now anticipating that that the Greek government will agree the terms of a new bailout on Friday.
Greece's parliament early today approved by a wide margin a second set of economic reforms demanded by its international creditors, opening the way to detailed negotiations on a third bailout for the country.
Later in the New York session, traders will focus on weekly US jobs data. Moreover, the earnings season in the US will get a lot of the attention.
EUR/USD Technical Levels
The pair has an immediate resistance at 1.1036 (July 15 High) levels, above which gains could be extended to 1.1083 (July 14 High) levels. On the flip side, support is seen at 1.0922 (Today’s Low) below which it could extend losses to 1.0869 (July 22 Low) levels.
EUR/USD rejected at 1.1005
The EUR/USD pair trades at 0.57% at 1.0990, hovering close to fresh weekly highs reached at 1.1005 levels. The bid tone surrounding EUR/USD keeps growing bigger now as markets are now anticipating that that the Greek government will agree the terms of a new bailout on Friday.
Greece's parliament early today approved by a wide margin a second set of economic reforms demanded by its international creditors, opening the way to detailed negotiations on a third bailout for the country.
Later in the New York session, traders will focus on weekly US jobs data. Moreover, the earnings season in the US will get a lot of the attention.
EUR/USD Technical Levels
The pair has an immediate resistance at 1.1036 (July 15 High) levels, above which gains could be extended to 1.1083 (July 14 High) levels. On the flip side, support is seen at 1.0922 (Today’s Low) below which it could extend losses to 1.0869 (July 22 Low) levels.