10 Jun 2015
EUR/USD putting 1.1300 to the test
FXStreet (Edinburgh) - The shared currency has left the area of session highs in the upper-1.1300s and is now driving EUR/USD to the 1.1300 neighbourhood.
EUR/USD capped by 1.1390/1.1400
The pair managed to clinch multi-week tops near 1.1400 the figure today backed by a Kuroda-induced sell off in the US dollar sparked in early trade. Fanning the EUR-upside, the selling pressure continues unabated around the German Bunds, pushing yields higher and giving extra legs to the pair.
Empty docket in Euroland today will turn the attention to the meeting between Tsipras, Merkel and Holland after EU officials have deemed the recent Greek proposals as insufficient.
EUR/USD levels to watch
As of writing, the pair is now advancing 0.14% at 1.1299 with the next hurdle at 1.1387 (high Jun.10) followed by 1.1400 (psychological level) and then 1.1450 (high May 18). 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 capped by 1.1390/1.1400
The pair managed to clinch multi-week tops near 1.1400 the figure today backed by a Kuroda-induced sell off in the US dollar sparked in early trade. Fanning the EUR-upside, the selling pressure continues unabated around the German Bunds, pushing yields higher and giving extra legs to the pair.
Empty docket in Euroland today will turn the attention to the meeting between Tsipras, Merkel and Holland after EU officials have deemed the recent Greek proposals as insufficient.
EUR/USD levels to watch
As of writing, the pair is now advancing 0.14% at 1.1299 with the next hurdle at 1.1387 (high Jun.10) followed by 1.1400 (psychological level) and then 1.1450 (high May 18). 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).