1 Jul 2015
EUR/USD remains sub-1.1100
FXStreet (Edinburgh) - The common currency is now looking to consolidate in sub-1.1100 levels vs. the dollar, with EUR/USD navigating around 1.1080/70.
EUR/USD unmotivated, no news from Greece
After the failed attempt to regain the 1.1100 handle, the pair has now resumed the downside after the Eurogroup teleconference yielded no relevant news. EU officials have once again argued that there won’t be any negotiation before Sunday’s referendum in Greece, leaving the pair to the mercy of rumours and comments that will surely abound until then.
In another direction, the greenback is prolonging its upbeat momentum following a positive set of results in the US economy today, with the Non-farm Payrolls being the main event tomorrow (232K exp.).
EUR/USD levels to consider
The pair is now retreating 0.60% at 1.1072 and a breach of 1.1059 9low Jul.1) would target 1.1049 (low Jun.5) en route to 1.0955 (low Jun.29). On the flip side, the initial up barrier aligns at 1.1234 (high Jun.24) followed by 1.1244 (high Jun.30) and finally 1.1278 (high Jun.29).
EUR/USD unmotivated, no news from Greece
After the failed attempt to regain the 1.1100 handle, the pair has now resumed the downside after the Eurogroup teleconference yielded no relevant news. EU officials have once again argued that there won’t be any negotiation before Sunday’s referendum in Greece, leaving the pair to the mercy of rumours and comments that will surely abound until then.
In another direction, the greenback is prolonging its upbeat momentum following a positive set of results in the US economy today, with the Non-farm Payrolls being the main event tomorrow (232K exp.).
EUR/USD levels to consider
The pair is now retreating 0.60% at 1.1072 and a breach of 1.1059 9low Jul.1) would target 1.1049 (low Jun.5) en route to 1.0955 (low Jun.29). On the flip side, the initial up barrier aligns at 1.1234 (high Jun.24) followed by 1.1244 (high Jun.30) and finally 1.1278 (high Jun.29).