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22 Jun 2015
EUR/USD near 1.1400 on Greek hopes
FXStreet (Edinburgh) - The optimism around the possibility of a Greek deal has given fresh legs to EUR/USD extending its daily upside to the 1.1400 area.
EUR/USD focus on Eurogroup meeting
Markets have reacted positively to the developments over the weekend in the context of the debt talks between Greece and its EU creditors. Apparently, some sort of agreement has chances to be announced in the very near term in light of the June 30th deadline, all against the backdrop of today’s Eurogroup meeting and EU Leaders special summit.
Apart from these two critical meetings, the flash measure of the Consumer Confidence in the euro area is due ahead of US Existing Home Sales (5.25 M exp.).
EUR/USD levels to consider
As of writing the pair is up 0.41% at 1.1399 facing the next resistance at 1.1421 (high Jun.18) followed by 1.1450 (high May 18) and finally 1.1486 (high Feb.6). On the flip side, a breach of 1.1358 (low jun.22) would expose 1.1330 (low Jun.18) and then 1.1206 (low Jun.17).
EUR/USD focus on Eurogroup meeting
Markets have reacted positively to the developments over the weekend in the context of the debt talks between Greece and its EU creditors. Apparently, some sort of agreement has chances to be announced in the very near term in light of the June 30th deadline, all against the backdrop of today’s Eurogroup meeting and EU Leaders special summit.
Apart from these two critical meetings, the flash measure of the Consumer Confidence in the euro area is due ahead of US Existing Home Sales (5.25 M exp.).
EUR/USD levels to consider
As of writing the pair is up 0.41% at 1.1399 facing the next resistance at 1.1421 (high Jun.18) followed by 1.1450 (high May 18) and finally 1.1486 (high Feb.6). On the flip side, a breach of 1.1358 (low jun.22) would expose 1.1330 (low Jun.18) and then 1.1206 (low Jun.17).