23 Jul 2015
EUR/USD shoots to highs near 1.0960
FXStreet (Edinburgh) - The shared currency is now gathering steam gains vs. the dollar, lifting EUR/USD to the area of 1.0950/60, near session peaks.
EUR/USD capped by 1.0960
After a brief knee-jerk to the 1.0920 area, or session lows, the pair has managed to regain the upside momentum and challenge the upper bound of the daily range so far. The buying interest around the EUR post-Greek vote is now extending into the European session, exposing weekly tops around 1.0960.
Again a flat docket in the euro area – only Consumer Confidence is due – will leave the pair’s price action to the broader risk appetite trends and the US calendar, with Initial Claims expected at 280K.
EUR/USD levels to watch
At the moment the pair is up 0.20% at 1.0951 with the next hurdle at 1.0968 (high Jul.22) ahead of 1.1036 (high Jul.15) and finally 1.1086 (high Jul.14). On the flip side, a breakdown of 1.0892 (low Jul.22) would aim for 1.0812 (low Jul.21) and then 1.0789 (low Apr.25).
EUR/USD capped by 1.0960
After a brief knee-jerk to the 1.0920 area, or session lows, the pair has managed to regain the upside momentum and challenge the upper bound of the daily range so far. The buying interest around the EUR post-Greek vote is now extending into the European session, exposing weekly tops around 1.0960.
Again a flat docket in the euro area – only Consumer Confidence is due – will leave the pair’s price action to the broader risk appetite trends and the US calendar, with Initial Claims expected at 280K.
EUR/USD levels to watch
At the moment the pair is up 0.20% at 1.0951 with the next hurdle at 1.0968 (high Jul.22) ahead of 1.1036 (high Jul.15) and finally 1.1086 (high Jul.14). On the flip side, a breakdown of 1.0892 (low Jul.22) would aim for 1.0812 (low Jul.21) and then 1.0789 (low Apr.25).