Back
22 Jun 2015
EUR/USD supported around 1.1310
FXStreet (Edinburgh) - The single currency has given away initial gains to the 1.1400 area vs. the greenback, taking EUR/USD to fresh lows in the 1.1315/10 band.
EUR/USD focus on Eurogroup, EU Leaders meeting
The rumours and counter-rumours on the Greek front continues to build up during the European morning, with the pair managing to reclaim ground lost after bottoming out near 1.1310 and now heading towards the mid-1.1300s.
Ahead in the session, the Eurogroup meeting and the EU Leaders Summit remain the most significant events during the day, seconded by EMU’s Consumer Confidence and US Existing Home Sales.
EUR/USD levels to consider
As of writing the pair is down 0.10% at 1.1340 with the next support at 1.1312 (low Jun.22) followed by 1.1300 (psychological level) and then 1.1206 (low Jun.17). On the other hand, a breakout of 1.1404 (high Jun.22) would target 1.1421 (high Jun.18) en route to 1.1450 (high May 18).
EUR/USD focus on Eurogroup, EU Leaders meeting
The rumours and counter-rumours on the Greek front continues to build up during the European morning, with the pair managing to reclaim ground lost after bottoming out near 1.1310 and now heading towards the mid-1.1300s.
Ahead in the session, the Eurogroup meeting and the EU Leaders Summit remain the most significant events during the day, seconded by EMU’s Consumer Confidence and US Existing Home Sales.
EUR/USD levels to consider
As of writing the pair is down 0.10% at 1.1340 with the next support at 1.1312 (low Jun.22) followed by 1.1300 (psychological level) and then 1.1206 (low Jun.17). On the other hand, a breakout of 1.1404 (high Jun.22) would target 1.1421 (high Jun.18) en route to 1.1450 (high May 18).