14 Jul 2015
EUR/USD up and down it goes, back to 1.1030
FXStreet (Edinburgh) - The common currency has shed some gains vs. the greenback and is now sending EUR/USD back to the 1.1030 area.
EUR/USD focused on Greece
After the spike to session highs near 1.1180 following the miserable US Retail Sales during June, spot slowly returned to the current 1.1030 area more concerned about the ongoings in the Greek front, where the Parliament is due to vote tomorrow on the recent agreement. In the meantime PM A.Tsipras remains under heavy fire, as he faces political turmoil within his own Syriza party.
In the data space, final German consumer prices for the month of June have matched previous estimates, while Economic Sentiment in both Germany and the euro area came in below expectations for the current month.
EUR/USD levels to watch
At the moment the pair is advancing 0.19% at 1.1022 with the next resistance at 1.1086 (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 focused on Greece
After the spike to session highs near 1.1180 following the miserable US Retail Sales during June, spot slowly returned to the current 1.1030 area more concerned about the ongoings in the Greek front, where the Parliament is due to vote tomorrow on the recent agreement. In the meantime PM A.Tsipras remains under heavy fire, as he faces political turmoil within his own Syriza party.
In the data space, final German consumer prices for the month of June have matched previous estimates, while Economic Sentiment in both Germany and the euro area came in below expectations for the current month.
EUR/USD levels to watch
At the moment the pair is advancing 0.19% at 1.1022 with the next resistance at 1.1086 (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).