10 Jun 2015
EUR/USD regains 1.1300 and climbs to session highs
FXStreet (Córdoba) - EUR/USD regained the 1.1300 level and stretched to fresh session highs following a positive opening in Wall Street as German yields continue to support the euro.
EUR/USD climbed to a 3-week peak of 1.1385 but then retreated more than 100 pips before finding support at the 1.1260 area and resumed the upside. The pair has climbed back to 1.1347 and it is currently trading at 1.1329, up 0.43% on the day.
Greece talks remain unresolved
The shared currency remains on a recovery path ever since bottoming out at 1.0819 late May, despite lingering uncertainty coming from Greece bailout talks. On Wednesday, Greek PM Tsipras is expected to meet German Chancellor Merkel and French President Hollande in Brussels to continue negotiations after Athens submitted a new proposal on Tuesday.
EUR/USD levels to watch
As for technical levels, a break above 1.1385 would pave the way toward 1.1400 (psychological level) and 1.1448 (May 18 high). On the other hand, supports are seen at 1.1260 (daily low), 1.1213 (Jun 9 low) and 1.1200 (psychological level).
EUR/USD climbed to a 3-week peak of 1.1385 but then retreated more than 100 pips before finding support at the 1.1260 area and resumed the upside. The pair has climbed back to 1.1347 and it is currently trading at 1.1329, up 0.43% on the day.
Greece talks remain unresolved
The shared currency remains on a recovery path ever since bottoming out at 1.0819 late May, despite lingering uncertainty coming from Greece bailout talks. On Wednesday, Greek PM Tsipras is expected to meet German Chancellor Merkel and French President Hollande in Brussels to continue negotiations after Athens submitted a new proposal on Tuesday.
EUR/USD levels to watch
As for technical levels, a break above 1.1385 would pave the way toward 1.1400 (psychological level) and 1.1448 (May 18 high). On the other hand, supports are seen at 1.1260 (daily low), 1.1213 (Jun 9 low) and 1.1200 (psychological level).