12 Jun 2015
EUR/USD near 1.1200, Greece-IMF talks eyed
FXStreet (Edinburgh) - After the Merkel-induced drop to session lows around 1.1150, EUR/USD is now looking to regain the 1.1200 handle.
EUR/USD vigilant on Greece, US data
The effervescence around the Greek front remains the main source of weakness for the shared currency this week, with the situation deteriorating after EU officials stressing there are still substantial differences between both negotiating parties.
The pair is now recovering part of the ground lost after comments by A.Merkel prompted a knee-jerk to the mid-1.1100s, although it still manages to keep the weekly gains (Monday’s open at 1.1104).
Next of relevance will be the flash US Reuters/Michigan index, which tracks the consumer sentiment. Prior surveys expect the index to come in at 91.5 for the current month, up from 90.7.
EUR/USD key levels
As of writing the pair is losing 0.64% at 1.1185 with the next support at 1.1151 (low Jun.12) followed by 1.1087 (low Jun.8) and finally 1.1049 (low Jun.5). On the flip side, a breakout of 1.1268 (high Jun.12) would target 1.1334 (high Jun.11) en route to 1.1387 (high Jun.10).
EUR/USD vigilant on Greece, US data
The effervescence around the Greek front remains the main source of weakness for the shared currency this week, with the situation deteriorating after EU officials stressing there are still substantial differences between both negotiating parties.
The pair is now recovering part of the ground lost after comments by A.Merkel prompted a knee-jerk to the mid-1.1100s, although it still manages to keep the weekly gains (Monday’s open at 1.1104).
Next of relevance will be the flash US Reuters/Michigan index, which tracks the consumer sentiment. Prior surveys expect the index to come in at 91.5 for the current month, up from 90.7.
EUR/USD key levels
As of writing the pair is losing 0.64% at 1.1185 with the next support at 1.1151 (low Jun.12) followed by 1.1087 (low Jun.8) and finally 1.1049 (low Jun.5). On the flip side, a breakout of 1.1268 (high Jun.12) would target 1.1334 (high Jun.11) en route to 1.1387 (high Jun.10).