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22 Jun 2015
EUR/USD turns positive near 1.1360
FXStreet (Edinburgh) - The European currency has now returned to the positive territory after the drop to 1.1310, with EUR/USD now gyrating around 1.1360/65.
EUR/USD shed gains, disappointed on Greece
After a brief visit to session tops above the 1.1400 handle, the pair has surrendered its gains and dipped to lows near 1.1310 along with disappointing rumours from the Eurogroup meeting, where once again, both parties failed to seal a deal. There were no breakthroughs from today’s gathering so far, with markets now ruling out an agreement, at least today, and putting the euro under increasing pressure.
In the data front, US Existing Home Sales are due next (5.25M exp.) while the preliminary print of EMU’s Consumer Confidence will follow (-5.8 exp.).
EUR/USD levels to consider
As of writing the pair is up 0.03% at 1.1356 and a breakout of 1.1404 (high Jun.22) would target 1.1421 (high Jun.18) en route to 1.1450 (high May 18). On the other hand, the immediate support aligns at 1.1312 (low Jun.22) followed by 1.1300 (psychological level) and then 1.1206 (low Jun.17).
EUR/USD shed gains, disappointed on Greece
After a brief visit to session tops above the 1.1400 handle, the pair has surrendered its gains and dipped to lows near 1.1310 along with disappointing rumours from the Eurogroup meeting, where once again, both parties failed to seal a deal. There were no breakthroughs from today’s gathering so far, with markets now ruling out an agreement, at least today, and putting the euro under increasing pressure.
In the data front, US Existing Home Sales are due next (5.25M exp.) while the preliminary print of EMU’s Consumer Confidence will follow (-5.8 exp.).
EUR/USD levels to consider
As of writing the pair is up 0.03% at 1.1356 and a breakout of 1.1404 (high Jun.22) would target 1.1421 (high Jun.18) en route to 1.1450 (high May 18). On the other hand, the immediate support aligns at 1.1312 (low Jun.22) followed by 1.1300 (psychological level) and then 1.1206 (low Jun.17).