10 Jun 2015
EUR/USD challenging highs above 1.1300
FXStreet (Edinburgh) - The weaker tone around the greenback following BoJ headlines has allowed a rebound in EUR/USD to the 1.1300 neighbourhood on Wednesday.
EUR/USD assaulting 1.1300
Spot has managed to reclaim the vicinity of 1.1300 the figure following the sharp sell off in the US dollar during the Asian trading hours, in response to appreciations by Governor Kuroda.
Absent scheduled data in Euroland and the US economy today, Greek headlines will remain the exclusive drivers for the pair’s price action, with the meeting between A.Merkel, A.Tsipras and F.Hollande taking centre stage.
EUR/USD levels to watch
As of writing, the pair is now advancing 0.26% at 1.1313 with the next hurdle at 1.1346 (high Jun.9) followed by 1.1383 (high May 13) and then 1.1400 (psychological level). On the flip side, a breakdown of 1.1271 (low Jun.10) would open the door to 1.1214 (low Jun.9) and finally 1.1179 (low Jun.4).
EUR/USD assaulting 1.1300
Spot has managed to reclaim the vicinity of 1.1300 the figure following the sharp sell off in the US dollar during the Asian trading hours, in response to appreciations by Governor Kuroda.
Absent scheduled data in Euroland and the US economy today, Greek headlines will remain the exclusive drivers for the pair’s price action, with the meeting between A.Merkel, A.Tsipras and F.Hollande taking centre stage.
EUR/USD levels to watch
As of writing, the pair is now advancing 0.26% at 1.1313 with the next hurdle at 1.1346 (high Jun.9) followed by 1.1383 (high May 13) and then 1.1400 (psychological level). On the flip side, a breakdown of 1.1271 (low Jun.10) would open the door to 1.1214 (low Jun.9) and finally 1.1179 (low Jun.4).