25 May 2015
EUR/USD bounced off 1.0960
FXStreet (Edinburgh) - After bottoming out in the 1.0960 area, EUR/USD is now looking to regain the 1.0980 region.
EUR/USD weaker on dollar, Greece
The persistent bid tone around the greenback continues to weigh on the pair, now dragging it to fresh 4-week lows, while market participants keep digesting the US CPI figures during April released last Friday.
In the same direction, the uncertainty surrounding Greece and the debt talks with its EU creditors keeps growing bigger amongst traders in light of the repayments due in the upcoming days.
EUR/USD levels to consider
As of writing the pair is down 0.29% at 1.0978 with the immediate support at 1.0959 (low May 25) ahead of 1.0922 (5055-d MA) and then 1.0860 (low Apr.28). On the other hand a breakout of 1.1062 (low May 20) would aim for 1.1208 (high May 22) and then 1.1217 (38.2% of 1.1468-1.1062).
EUR/USD weaker on dollar, Greece
The persistent bid tone around the greenback continues to weigh on the pair, now dragging it to fresh 4-week lows, while market participants keep digesting the US CPI figures during April released last Friday.
In the same direction, the uncertainty surrounding Greece and the debt talks with its EU creditors keeps growing bigger amongst traders in light of the repayments due in the upcoming days.
EUR/USD levels to consider
As of writing the pair is down 0.29% at 1.0978 with the immediate support at 1.0959 (low May 25) ahead of 1.0922 (5055-d MA) and then 1.0860 (low Apr.28). On the other hand a breakout of 1.1062 (low May 20) would aim for 1.1208 (high May 22) and then 1.1217 (38.2% of 1.1468-1.1062).