16 Jun 2015
EUR/USD challenging 1.1200
FXStreet (Edinburgh) - The offered tone is now prevailing around the euro, dragging EUR/USD to test the critical support at 1.1200 the figure.
EUR/USD weaker post-US results
The pair has shed further ground after mixed results in the US housing sector showed Building Permits coming in at 1.1M vs. forecasts for 1.093M, while Housing Starts missed estimates at 1.036M vs. 1.1M anticipated.
In the meantime, spot continues to ignore the permanent flow of rumours from the Greek front, ranging from an emergency meeting between EU officials on Sunday to a Greek proposal to postpone June repayments for six months, amongst others.
EUR/USD relevant levels
As of writing the pair is losing 0.51% at 1.1226 and a break below 1.1205 (low Jun.16) would open the door to 1.1189 (low Jun.15) and then 1.1151 (low Jun.12). On the flip side, the immediate hurdle lines up at 1.1331 (high Jun.16) ahead of 1.1334 (high Jun.11) and finally 1.1387 (high Jun.10).
EUR/USD weaker post-US results
The pair has shed further ground after mixed results in the US housing sector showed Building Permits coming in at 1.1M vs. forecasts for 1.093M, while Housing Starts missed estimates at 1.036M vs. 1.1M anticipated.
In the meantime, spot continues to ignore the permanent flow of rumours from the Greek front, ranging from an emergency meeting between EU officials on Sunday to a Greek proposal to postpone June repayments for six months, amongst others.
EUR/USD relevant levels
As of writing the pair is losing 0.51% at 1.1226 and a break below 1.1205 (low Jun.16) would open the door to 1.1189 (low Jun.15) and then 1.1151 (low Jun.12). On the flip side, the immediate hurdle lines up at 1.1331 (high Jun.16) ahead of 1.1334 (high Jun.11) and finally 1.1387 (high Jun.10).