2 Jul 2015
EUR/USD returns to sub-1.1100 levels
FXStreet (Edinburgh) - After an ephemeral spike to session peaks near 1.1120, EUR/USD is now returning to its comfort zone at 1.1080/1.1100.
EUR/USD now focuses on Greek referendum
With the key Non-farm Payrolls already in the rear-view mirror, the pair will instead focus on the upcoming Greek referendum (Sunday), with prior polls keep showing the ‘No’ vote still leading, albeit by a close margin.
In the meantime, spot keeps gyrating around the 1.1100 handle, unable to gather further traction despite today’s mixed results in the US labour market seems to have poured cold water over expectations of a Fed’s lift-off in September.
EUR/USD levels to consider
The pair is now advancing 0.38% at 1.1095 with the next resistance at 1.1171 (high Jul.1) followed by 1.1234 (high Jun.24) and finally 1.1244 (high Jun.30). On the downside, a breach of 1.1032 (low Jul.2) would target 1.1000 (psychological level) en route to 1.0955 (low Jun.29).
EUR/USD now focuses on Greek referendum
With the key Non-farm Payrolls already in the rear-view mirror, the pair will instead focus on the upcoming Greek referendum (Sunday), with prior polls keep showing the ‘No’ vote still leading, albeit by a close margin.
In the meantime, spot keeps gyrating around the 1.1100 handle, unable to gather further traction despite today’s mixed results in the US labour market seems to have poured cold water over expectations of a Fed’s lift-off in September.
EUR/USD levels to consider
The pair is now advancing 0.38% at 1.1095 with the next resistance at 1.1171 (high Jul.1) followed by 1.1234 (high Jun.24) and finally 1.1244 (high Jun.30). On the downside, a breach of 1.1032 (low Jul.2) would target 1.1000 (psychological level) en route to 1.0955 (low Jun.29).