21 Jul 2015
EUR/USD wobbling around 1.0820
FXStreet (Edinburgh) - The single currency is alternating gains with losses during the European morning on Tuesday, with EUR/USD hanging on to the 1.0820 area.
EUR/USD still focus on Greece
The resumption of the decline in the pair has been interrupted yesterday following news that Greece have repaid the ECB and the IMF, allaying concerns amongst investors although not enough to trigger a more noticeable bull attempt.
In the meantime, and as the Greek front momentarily takes the passenger’s seat, market participants will turn their focus to the divergent monetary policies from the Fed and the ECB as the main driver for the pair, the prevailing medium-to-longer term scenario, in light of the FOMC meeting due next week.
EUR/USD levels to watch
At the moment the pair is losing 0.03% at 1.0821 and a breakdown of 1.0812 (low Jul.21) would target 1.0789 (low Apr.25) en route to 1.0666 (low Apr.24). On the upside, the initial hurdle aligns at 1.0866 (high Jul.20) followed by 1.1036 (high Jul.15) and then 1.1086 (high Jul.14).
EUR/USD still focus on Greece
The resumption of the decline in the pair has been interrupted yesterday following news that Greece have repaid the ECB and the IMF, allaying concerns amongst investors although not enough to trigger a more noticeable bull attempt.
In the meantime, and as the Greek front momentarily takes the passenger’s seat, market participants will turn their focus to the divergent monetary policies from the Fed and the ECB as the main driver for the pair, the prevailing medium-to-longer term scenario, in light of the FOMC meeting due next week.
EUR/USD levels to watch
At the moment the pair is losing 0.03% at 1.0821 and a breakdown of 1.0812 (low Jul.21) would target 1.0789 (low Apr.25) en route to 1.0666 (low Apr.24). On the upside, the initial hurdle aligns at 1.0866 (high Jul.20) followed by 1.1036 (high Jul.15) and then 1.1086 (high Jul.14).