18 Jun 2015
EUR/USD rebounds from 1.1340
FXStreet (Edinburgh) - The shared currency keeps daily gains vs. the US dollar, with EUR/USD now recovering the 1.1370/75 band after a knee-jerk to 1.1340.
EUR/USD faded the spike to 1.1440
After hitting multi-week tops around 1.1440, Greek headlines prompted investors to step in and push spot back to the 1.1340 area, although the down move lacked conviction.
The increased selling pressure surrounding the dollar post-FOMC continues to support the pair’s upside, although concerns over the Greek situation continue to build up after negotiators failed to clinch a deal at today’s Eurogroup meeting.
EUR/USD key levels
As of writing the pair is advancing 0.27% at 1.1369 with the next resistance at 1.1437 (high Jun.18) followed by 1.1450 (high May 18) and finally 1.1486 (high Feb.6). On the flip side, a breach of 1.1330 (low Jun.18) would target 1.1277 (10-d MA) en route to 1.1206 (low Jun.17).
EUR/USD faded the spike to 1.1440
After hitting multi-week tops around 1.1440, Greek headlines prompted investors to step in and push spot back to the 1.1340 area, although the down move lacked conviction.
The increased selling pressure surrounding the dollar post-FOMC continues to support the pair’s upside, although concerns over the Greek situation continue to build up after negotiators failed to clinch a deal at today’s Eurogroup meeting.
EUR/USD key levels
As of writing the pair is advancing 0.27% at 1.1369 with the next resistance at 1.1437 (high Jun.18) followed by 1.1450 (high May 18) and finally 1.1486 (high Feb.6). On the flip side, a breach of 1.1330 (low Jun.18) would target 1.1277 (10-d MA) en route to 1.1206 (low Jun.17).