19 Jun 2015
EUR/USD wakes up, clinches 1.1330
FXStreet (Edinburgh) - After a brief visit to the 1.1290/1.1300 area, EUR/USD managed to pick up pace and recover the 1.1330/35 band so far.
EUR/USD a tad better on Greek hopes
The pair seems to have reacted positively following comments by EU and Greek officials regarding the still alive possibility to clinch a deal at the EU Leaders meeting on Monday.
The negative sentiment has also eased somewhat after the ECB raised its ELA ceiling to Greek banks by €1.8 billion today, still less than the €3 billion initially requested by the Bank of Greece in order to face the increasing withdrawals from Greek savers, which come to around €3 billion so far since Monday.
EUR/USD key levels
As of writing the pair is retreating 0.24% at 1.1331 and a breach of 1.1292 (low Jun.18) would target 1.1206 (low Jun.17) en route to 1.1189 (low Jun.15). On the flip side, the initial up barrier lines up at 1.1402 (high Jun.19) ahead of 1.1437 (high Jun.18) followed by 1.1450 (high May 18).
EUR/USD a tad better on Greek hopes
The pair seems to have reacted positively following comments by EU and Greek officials regarding the still alive possibility to clinch a deal at the EU Leaders meeting on Monday.
The negative sentiment has also eased somewhat after the ECB raised its ELA ceiling to Greek banks by €1.8 billion today, still less than the €3 billion initially requested by the Bank of Greece in order to face the increasing withdrawals from Greek savers, which come to around €3 billion so far since Monday.
EUR/USD key levels
As of writing the pair is retreating 0.24% at 1.1331 and a breach of 1.1292 (low Jun.18) would target 1.1206 (low Jun.17) en route to 1.1189 (low Jun.15). On the flip side, the initial up barrier lines up at 1.1402 (high Jun.19) ahead of 1.1437 (high Jun.18) followed by 1.1450 (high May 18).