13 Jul 2015
EUR/USD finds support around 1.1000
FXStreet (Edinburgh) - The daily correction lower of the euro currency seems to have found support around the 1.1000 area, with EUR/USD now managing to regain the 1.1025/30 band.
EUR/USD lower after Greek deal
The riskier assets have lost momentum in the wake of the announcement of the agreement between Greece and its EU creditors, with spot leaving the area of session peaks near 1.1200 to test the boundaries of the critical support at 1.1000 during the European morning.
While ‘Grexit’ has been (temporary) averted, market participants will now turn their focus on the Greek Parliament, where a crucial vote on the list of proposals must see the light by Wednesday.
In another direction, German inflation figures and the ZEW Survey are due tomorrow in Euroland, while Retail Sales are the most salient point across the pond.
EUR/USD levels to consider
The pair is now down 1.21 % at 1.1029 with the next support at 1.1006 (low Jul.13) ahead of 1.0974 (low Jul.8) and then 1.0887 (low Jun.1). On the other hand, a breakout of 1.1198 (high Jul.13) would target 1.1217 (high Jul10) en route to 1.1234 (high Jun.24).
EUR/USD lower after Greek deal
The riskier assets have lost momentum in the wake of the announcement of the agreement between Greece and its EU creditors, with spot leaving the area of session peaks near 1.1200 to test the boundaries of the critical support at 1.1000 during the European morning.
While ‘Grexit’ has been (temporary) averted, market participants will now turn their focus on the Greek Parliament, where a crucial vote on the list of proposals must see the light by Wednesday.
In another direction, German inflation figures and the ZEW Survey are due tomorrow in Euroland, while Retail Sales are the most salient point across the pond.
EUR/USD levels to consider
The pair is now down 1.21 % at 1.1029 with the next support at 1.1006 (low Jul.13) ahead of 1.0974 (low Jul.8) and then 1.0887 (low Jun.1). On the other hand, a breakout of 1.1198 (high Jul.13) would target 1.1217 (high Jul10) en route to 1.1234 (high Jun.24).