9 Jun 2015
EUR/USD trims losses near 1.1280
FXStreet (Edinburgh) - The shared currency keeps its recovery alive on Tuesday, pushing EUR/USD back to the 1.1280/85 band.
EUR/USD attention to Greece
After bottoming out in the 1.1210 region during the European morning, spot has managed to stage a comeback to the current area of 1.1280 albeit it still remains in the negative territory, surrendering part of yesterday’s significant gains. Anyway, the pair survives in the upper end of the recent 2-week range amidst mixed sensations surrounding the Greece-EU debt talks.
Looking to Wednesday’s docket, there are no scheduled releases in Euroland and the US, leaving the pair to the mercy of the risk trends and Greek headlines, with the meeting between Chancellor A.Merkel, President F.Hollande and PM A.Tsipras stealing the show.
EUR/USD levels to watch
The pair is now retreating 0.04% at 1.1286 and a breach of 1.1214 (low Jun.9) would target 1.1179 (low Jun.4) en route to 1.1084 (low Jun.8). On the flip side, the initial up barrier aligns at 1.1346 (high Jun.9) followed by 1.1383 (high May 13) and then 1.1400 (psychological level).
EUR/USD attention to Greece
After bottoming out in the 1.1210 region during the European morning, spot has managed to stage a comeback to the current area of 1.1280 albeit it still remains in the negative territory, surrendering part of yesterday’s significant gains. Anyway, the pair survives in the upper end of the recent 2-week range amidst mixed sensations surrounding the Greece-EU debt talks.
Looking to Wednesday’s docket, there are no scheduled releases in Euroland and the US, leaving the pair to the mercy of the risk trends and Greek headlines, with the meeting between Chancellor A.Merkel, President F.Hollande and PM A.Tsipras stealing the show.
EUR/USD levels to watch
The pair is now retreating 0.04% at 1.1286 and a breach of 1.1214 (low Jun.9) would target 1.1179 (low Jun.4) en route to 1.1084 (low Jun.8). On the flip side, the initial up barrier aligns at 1.1346 (high Jun.9) followed by 1.1383 (high May 13) and then 1.1400 (psychological level).