6 May 2015
EUR/USD firm around 1.1350
FXStreet (Edinburgh) - The single currency remains firm in the upper bound of the intraday range, with EUR/USD hovering over the mid-1.1300s.
EUR/USD stronger on Greece, dollar
The persistent offered tone around the US dollar plus some hints that Greece and its EU creditors could clinch a deal in the upcoming days have been sustaining the current EUR-upside, which enters in its fourth consecutive week.
In the data space, the ADP report (169K act.) came in below estimates and gave extra wings to the euro, offsetting at the same time the mixed results from Services PMI in Euroland during April.
EUR/USD relevant levels
The pair is advancing 1.32% at 1.1334 with the next resistance at 1.1369 (high May 6) followed by 1.1380 (high Feb.26) and then 1.1400 (psychological level). On the flip side, a breakdown of 1.1175 (low May 6) would aim for 1.1066 (low May 5) and finally 1.0959 (low Apr.29).
EUR/USD stronger on Greece, dollar
The persistent offered tone around the US dollar plus some hints that Greece and its EU creditors could clinch a deal in the upcoming days have been sustaining the current EUR-upside, which enters in its fourth consecutive week.
In the data space, the ADP report (169K act.) came in below estimates and gave extra wings to the euro, offsetting at the same time the mixed results from Services PMI in Euroland during April.
EUR/USD relevant levels
The pair is advancing 1.32% at 1.1334 with the next resistance at 1.1369 (high May 6) followed by 1.1380 (high Feb.26) and then 1.1400 (psychological level). On the flip side, a breakdown of 1.1175 (low May 6) would aim for 1.1066 (low May 5) and finally 1.0959 (low Apr.29).