28 Apr 2015
EUR/USD sidelined near 1.0880
FXStreet (Edinburgh) - The single currency is trading on a softer tone vs. the greenback on Tuesday, with EUR/USD consolidating around 1.0880.
EUR/USD eyes on Greece, US data
The pair is now giving away part of yesterday’s bull run to fresh 3-week tops near 1.0930 in response to the positive developments from Greece, where the government re-shuffled the negotiating team in order to make some progress in the debt talks.
Nothing of note data wise in Euroland, with the main highlights being the US Consumer Confidence for the month of April and the Home Prices tracked by the S&P/ Case-Shiller index.
EUR/USD levels to consider
At the moment the pair is losing 0.07% at 1.0882 with the next resistance at 1.0928 (high Apr.27) followed by 1.0955 (high Apr.7) and finally 1.1036 (high Apr.6). On the downside, a breach of 1.0819 (low Apr.27) would target 1.0789 (low Apr.24) en route to 1.0773 (21-d MA).
EUR/USD eyes on Greece, US data
The pair is now giving away part of yesterday’s bull run to fresh 3-week tops near 1.0930 in response to the positive developments from Greece, where the government re-shuffled the negotiating team in order to make some progress in the debt talks.
Nothing of note data wise in Euroland, with the main highlights being the US Consumer Confidence for the month of April and the Home Prices tracked by the S&P/ Case-Shiller index.
EUR/USD levels to consider
At the moment the pair is losing 0.07% at 1.0882 with the next resistance at 1.0928 (high Apr.27) followed by 1.0955 (high Apr.7) and finally 1.1036 (high Apr.6). On the downside, a breach of 1.0819 (low Apr.27) would target 1.0789 (low Apr.24) en route to 1.0773 (21-d MA).