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14 Aug 2015
EUR/USD gaining altitude, 1.1180 on sight
FXStreet (Edinburgh) - The shared currency is extending its upbeat momentum on Friday, now lifting EUR/USD to session tops near 1.1180.
EUR/USD firmer ahead of Eurogroup
The pair gained further traction ahead of the Eurogroup meeting due in the European evening, with the main debate gyrating around Greece and the recently approved third bailout package by the Greek Parliament. However, the Eurogroup still need to approve the bailout while rumours on a ‘bridge loan’ keep building up.
In the data space, EMU’s final consumer prices for the month of July matched the preliminary readings, while flash GDP figures during the second quarter came in below expectations.
EUR/USD levels to watch
As of writing the pair is up 0.21% at 1.1174 with the next resistance at 1.1190 (high Aug.13) ahead of 1.1215 (high Aug.12) and finally 1.1244 (high Jun.30). On the flip side, a breakdown of 1.1124 (low Aug.14) would aim for 1.1057 (low Aug.12) ahead of 1.0961 (low Aug.11).
EUR/USD firmer ahead of Eurogroup
The pair gained further traction ahead of the Eurogroup meeting due in the European evening, with the main debate gyrating around Greece and the recently approved third bailout package by the Greek Parliament. However, the Eurogroup still need to approve the bailout while rumours on a ‘bridge loan’ keep building up.
In the data space, EMU’s final consumer prices for the month of July matched the preliminary readings, while flash GDP figures during the second quarter came in below expectations.
EUR/USD levels to watch
As of writing the pair is up 0.21% at 1.1174 with the next resistance at 1.1190 (high Aug.13) ahead of 1.1215 (high Aug.12) and finally 1.1244 (high Jun.30). On the flip side, a breakdown of 1.1124 (low Aug.14) would aim for 1.1057 (low Aug.12) ahead of 1.0961 (low Aug.11).