26 May 2015
EUR/USD keeps lows near 1.0880
FXStreet (Edinburgh) - The common currency remains entrenched in the negative territory on Tuesday, with EUR/USD now hovering over 1.0880/70.
EUR/USD hurt by Greece, US docket
Rumours and more rumours surrounding Greece have been undermining any attempt by the euro to gather traction during the last sessions. According to the last news, there should be a teleconference between Greece and its creditors in order to discuss a potential deal in tomorrow’s meeting with the Brussels Group.
On the other side, the bid tone around the greenback continued to pick up pace today in response to the positive results from US Durable Goods Orders, New Home Sales, Consumer Confidence and the S&P/Case-Shiller index, all surpassing previous estimates.
EUR/USD levels to consider
As of writing the pair is down 0.84% at 1.0884 with the immediate support at 1.0869 (low May 26) ahead of 1.0860 (low Apr.28) and then 1.0785 (low Apr.24). On the other hand a breakout of 1.0984 (high May 26) would target 1.1062 (low May 20) en route to 1.1208 (high May 22).
EUR/USD hurt by Greece, US docket
Rumours and more rumours surrounding Greece have been undermining any attempt by the euro to gather traction during the last sessions. According to the last news, there should be a teleconference between Greece and its creditors in order to discuss a potential deal in tomorrow’s meeting with the Brussels Group.
On the other side, the bid tone around the greenback continued to pick up pace today in response to the positive results from US Durable Goods Orders, New Home Sales, Consumer Confidence and the S&P/Case-Shiller index, all surpassing previous estimates.
EUR/USD levels to consider
As of writing the pair is down 0.84% at 1.0884 with the immediate support at 1.0869 (low May 26) ahead of 1.0860 (low Apr.28) and then 1.0785 (low Apr.24). On the other hand a breakout of 1.0984 (high May 26) would target 1.1062 (low May 20) en route to 1.1208 (high May 22).