9 Jun 2015
EUR/USD extends recovery after Greek deal comments
FXStreet (Córdoba) - EUR/USD picked up momentum and managed to overcome the 1.1265 area, extending its recovery to the 1.1280 zone following European close.
Euro helped by Dombrovskis comments
The shared currency was helped by comments from European Commissioner Valdis Dombrovskis who said Greek proposal is “being evaluated” and a deal could be reached in the upcoming days, versus earlier headlines suggesting EU had quickly rejected latest list of reforms.
EUR/USD reached a session high of 1.1277, erasing almost completely intraday losses. At time of writing, the pair is trading at 1.1275, having recovered from a low of 1.1213.
EUR/USD technical levels
In terms of technical levels, immediate resistances could be found at 1.1345 (daily high) and 1.1379 (Jun 4 high). On the other hand, supports are seen at 1.1213 (daily low) and 1.1145 (21-day SMA).
Euro helped by Dombrovskis comments
The shared currency was helped by comments from European Commissioner Valdis Dombrovskis who said Greek proposal is “being evaluated” and a deal could be reached in the upcoming days, versus earlier headlines suggesting EU had quickly rejected latest list of reforms.
EUR/USD reached a session high of 1.1277, erasing almost completely intraday losses. At time of writing, the pair is trading at 1.1275, having recovered from a low of 1.1213.
EUR/USD technical levels
In terms of technical levels, immediate resistances could be found at 1.1345 (daily high) and 1.1379 (Jun 4 high). On the other hand, supports are seen at 1.1213 (daily low) and 1.1145 (21-day SMA).