24 Jun 2015
EUR/USD off highs on IFO
FXStreet (Edinburgh) - The shared currency is now leaving session tops near 1.1220 vs. the greenback and sending EUR/USD back to the 1.1200 area.
EUR/USD surrenders gains on poor IFO
The pair is giving away some pips after the German IFO disappointed investors for the current month, showing lower prints in all of its components: Business Climate at 107.4 (from 108.5), Expectations at 102.0 (vs. 103.0 previous) and Current Assessment at 113.1 (from 114.3).
That was all on the data front in Euroland, leaving the Eurogroup meeting as the next relevant event, with the Greek debt talks taking centre stage.
EUR/USD levels to consider
As of writing the pair is up 0.40% at 1.1213 and a breakout of 1.1349 (high Jun.23) would open the door to 1.1404 (high Jun.22) and finally 1.1421 (high Jun.18). On the flip side, the immediate support lines up at 1.1154 (low Jun.24) followed by 1.1135 (low Jun.23) and then 1.1087 (low Jun.8).
EUR/USD surrenders gains on poor IFO
The pair is giving away some pips after the German IFO disappointed investors for the current month, showing lower prints in all of its components: Business Climate at 107.4 (from 108.5), Expectations at 102.0 (vs. 103.0 previous) and Current Assessment at 113.1 (from 114.3).
That was all on the data front in Euroland, leaving the Eurogroup meeting as the next relevant event, with the Greek debt talks taking centre stage.
EUR/USD levels to consider
As of writing the pair is up 0.40% at 1.1213 and a breakout of 1.1349 (high Jun.23) would open the door to 1.1404 (high Jun.22) and finally 1.1421 (high Jun.18). On the flip side, the immediate support lines up at 1.1154 (low Jun.24) followed by 1.1135 (low Jun.23) and then 1.1087 (low Jun.8).