10 Jul 2015
EUR/USD spikes to 1.1160
FXStreet (Edinburgh) - The upside in the common currency remains unabated on Friday, with EUR/USD now climbing to session highs near at 1.1160/70.
EUR/USD boosted by Greece
The pair is advancing more than 1% today propped up by the now increasing optimism on a potential agreement between Greece and its EU creditors, all in light of the imminent Eurogroup meeting on Saturday and the (probably unnecessary) EU Leaders Summit on Sunday.
In the data space, the next relevant event will be this evening’s speech by Chairwoman J.Yellen, although it might pass by unnoticed against the current backdrop of Greek headlines.
EUR/USD levels to consider
The pair is now up 1.12% at 1.1160 with the next hurdle at 1.1171 (high Jul.1) followed by 1.1200 (psychological level) and finally 1.1234 (high Jun.24). On the downside, a breach of 1.1030 (low Jul.10) would aim for 1.0974 (low Jul.8) and then 1.0916 (low Jul.7).
EUR/USD boosted by Greece
The pair is advancing more than 1% today propped up by the now increasing optimism on a potential agreement between Greece and its EU creditors, all in light of the imminent Eurogroup meeting on Saturday and the (probably unnecessary) EU Leaders Summit on Sunday.
In the data space, the next relevant event will be this evening’s speech by Chairwoman J.Yellen, although it might pass by unnoticed against the current backdrop of Greek headlines.
EUR/USD levels to consider
The pair is now up 1.12% at 1.1160 with the next hurdle at 1.1171 (high Jul.1) followed by 1.1200 (psychological level) and finally 1.1234 (high Jun.24). On the downside, a breach of 1.1030 (low Jul.10) would aim for 1.0974 (low Jul.8) and then 1.0916 (low Jul.7).