8 Jun 2015
EUR/USD keeps gains above 1.1100
FXStreet (Edinburgh) - The European currency is extending the upbeat momentum at the beginning of the week, with EUR/USD now navigating the 1.1130/40 band.
EUR/USD focus on Greece
The Greek front remains calm so far today, with the recent meeting between Y.Varoufakis and W.Schaeuble held in a ‘constructive and friendly’ tone, albeit negotiations were absent. Later on during the G7 meeting, IMF Chief C.Lagarde could discuss the Greek crisis.
In the data space, German Industrial Production surpassed estimates in April while the trade surplus bettered both expectations and previous reading. In the euro area, the Sentix index, which gauges investors confidence, ticked lower to 17.1 for the current month.
EUR/USD levels to watch
The pair is now advancing 0.25% at 1.1142 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 focus on Greece
The Greek front remains calm so far today, with the recent meeting between Y.Varoufakis and W.Schaeuble held in a ‘constructive and friendly’ tone, albeit negotiations were absent. Later on during the G7 meeting, IMF Chief C.Lagarde could discuss the Greek crisis.
In the data space, German Industrial Production surpassed estimates in April while the trade surplus bettered both expectations and previous reading. In the euro area, the Sentix index, which gauges investors confidence, ticked lower to 17.1 for the current month.
EUR/USD levels to watch
The pair is now advancing 0.25% at 1.1142 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).