15 Jun 2015
EUR/USD around 1.1200 on Greece woes
FXStreet (Edinburgh) - The shared currency is sharply lower vs. the greenback at the beginning of the week, dragging EUR/USD to challenge the 1.1200 handle.
EUR/USD weaker, EU-Greece deal collapses
Once again, hopes of a deal between Greece and its EU creditors have been slashed over the weekend, with the EU negotiating team stressing that the differences between both parties still remain wide. Market sentiment has turned negative today, as Greek officials have once again deceived markets into the conviction that the deal is just around the corner (no one ever said where that corner was).
Data wise in Euroland, BuBa’s J.Weidmann is due to speak within the next hour, while Italian CPI and EMU’s Trade Balance will follow ahead of ECB’s Draghi speech. Across the pond, Capacity Utilization, Industrial Production and the NAHB index are due as well.
EUR/USD key levels
As of writing the pair is losing 0.47% at 1.1213 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 break above 1.1232 (high Jun.15) would target 1.1297 (high Jun.12) en route to 1.1334 (high Jun.11).
EUR/USD weaker, EU-Greece deal collapses
Once again, hopes of a deal between Greece and its EU creditors have been slashed over the weekend, with the EU negotiating team stressing that the differences between both parties still remain wide. Market sentiment has turned negative today, as Greek officials have once again deceived markets into the conviction that the deal is just around the corner (no one ever said where that corner was).
Data wise in Euroland, BuBa’s J.Weidmann is due to speak within the next hour, while Italian CPI and EMU’s Trade Balance will follow ahead of ECB’s Draghi speech. Across the pond, Capacity Utilization, Industrial Production and the NAHB index are due as well.
EUR/USD key levels
As of writing the pair is losing 0.47% at 1.1213 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 break above 1.1232 (high Jun.15) would target 1.1297 (high Jun.12) en route to 1.1334 (high Jun.11).