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11 May 2015
EUR/USD weighed by uncertainty over Greece
FXStreet (Córdoba) - EUR/USD managed to stabilize below 1.1200 on Monday but remains vulnerable as Eurozone finance ministers are due to meet in Brussels to negotiate Greek debt.
EUR/USD retreated to a 6-day low at the 1.1130 zone and following a short-lived bounce that was capped by 1.1195, it came under renewed pressure during the European session. The pair is trading near daily lows at the 1.1150 zone, where it trades 0.48% lower on the day.
EUR/USD is falling for third day in a row after being rejected from a 2-month high of 1.1391 last week.
Greece has to repay €750 million on Tuesday to the International Monetary Fund, while negotiations with the Eurogroup are still in progress. Few analyst are expecting a deal on Monday.
EUR/USD technical levels
In terms of technical levels, EUR/USD could find immediate supports at 1.1132 (daily low), 1.1100 (psychological level) and 1.1065 (May 5 low). On the flip side, resistances are seen at 1.1205 (daily high), 1.1228 (100-day SMA) and 1.1287 (May 8 high).
EUR/USD retreated to a 6-day low at the 1.1130 zone and following a short-lived bounce that was capped by 1.1195, it came under renewed pressure during the European session. The pair is trading near daily lows at the 1.1150 zone, where it trades 0.48% lower on the day.
EUR/USD is falling for third day in a row after being rejected from a 2-month high of 1.1391 last week.
Greece has to repay €750 million on Tuesday to the International Monetary Fund, while negotiations with the Eurogroup are still in progress. Few analyst are expecting a deal on Monday.
EUR/USD technical levels
In terms of technical levels, EUR/USD could find immediate supports at 1.1132 (daily low), 1.1100 (psychological level) and 1.1065 (May 5 low). On the flip side, resistances are seen at 1.1205 (daily high), 1.1228 (100-day SMA) and 1.1287 (May 8 high).