8 Jun 2015
EUR/USD dips to 1.1120
FXStreet (Edinburgh) - The single currency has deflated from session tops on Monday, taking EUR/USD back to the 1.1120 area.
EUR/USD a tad weaker on Sentix
The pair retreated from session peaks near 1.1180 after initial comments on the USD-strength by President Obama were rapidly denied. In addition, EMU’s investor confidence tracked by the Sentix index dropped to 17.1 for the current month from May’s 19.6.
There are no further scheduled data releases in Euroland today, albeit Greece will remain in the centre of the debate following the belligerent tone from PM Tsipras over the weekend in his speech, all against the backdrop of the G7 meeting.
In the meantime, Greek finmin Y.Varoufakis will meet his German counterpart W.Schaueble today in Berlin.
EUR/USD levels to watch
The pair is now advancing 0.17% at 1.1132 with the next hurdle at 1.1179 (high Jun.8) ahead of 1.1281 (high Jun.5) and then 1.1383 (high May 13). On the downside, a breach of 1.1084 (low Jun.8) would open the door to 1.1049 (low Jun.5) and finally 1.0918 (low Jun.2).
EUR/USD a tad weaker on Sentix
The pair retreated from session peaks near 1.1180 after initial comments on the USD-strength by President Obama were rapidly denied. In addition, EMU’s investor confidence tracked by the Sentix index dropped to 17.1 for the current month from May’s 19.6.
There are no further scheduled data releases in Euroland today, albeit Greece will remain in the centre of the debate following the belligerent tone from PM Tsipras over the weekend in his speech, all against the backdrop of the G7 meeting.
In the meantime, Greek finmin Y.Varoufakis will meet his German counterpart W.Schaueble today in Berlin.
EUR/USD levels to watch
The pair is now advancing 0.17% at 1.1132 with the next hurdle at 1.1179 (high Jun.8) ahead of 1.1281 (high Jun.5) and then 1.1383 (high May 13). On the downside, a breach of 1.1084 (low Jun.8) would open the door to 1.1049 (low Jun.5) and finally 1.0918 (low Jun.2).