24 Jun 2015
EUR/USD trims gains, near 1.1160
FXStreet (Edinburgh) - The offered tone around the euro is now growing bigger, forcing EUR/USD to give away almost all the initial gains.
EUR/USD weaker on Greece unease, US data
Results in line with expectations in the US economy plus an uptick in Personal Spending sparked a bout of buying interest around the greenback, relegating spot to the 1.1170/60 band.
In addition, backs-and-forths in the Greek front continue to add to the already uncertain scenario in the Greece-EU debt talks, as rumours keep building up in light of this evening’s key Eurogroup meeting.
EUR/USD levels to consider
As of writing the pair is up 0.04% at 1.1172 and a breakout of 1.1236 (high Jun.23) would open the door to 1.1349 (high Jun.23) and finally 1.1404 (high Jun.22). On the other hand, the next support lines up at 1.1154 (low Jun.24) followed by 1.1135 (low Jun.23) and then 1.1087 (low Jun.8).
EUR/USD weaker on Greece unease, US data
Results in line with expectations in the US economy plus an uptick in Personal Spending sparked a bout of buying interest around the greenback, relegating spot to the 1.1170/60 band.
In addition, backs-and-forths in the Greek front continue to add to the already uncertain scenario in the Greece-EU debt talks, as rumours keep building up in light of this evening’s key Eurogroup meeting.
EUR/USD levels to consider
As of writing the pair is up 0.04% at 1.1172 and a breakout of 1.1236 (high Jun.23) would open the door to 1.1349 (high Jun.23) and finally 1.1404 (high Jun.22). On the other hand, the next support lines up at 1.1154 (low Jun.24) followed by 1.1135 (low Jun.23) and then 1.1087 (low Jun.8).