24 Jun 2015
EUR/USD back to 1.1200 on ‘Grexit’ rumours
FXStreet (Edinburgh) - The shared currency quickly left behind the area of session peaks vs. the greenback, and is now pushing EUR/USD back around the 1.1200 handle.
EUR/USD shed gains on Greece
Rumours that EU creditors could be considering the likeliness of a ‘Grexit’ scenario forced spot to surrender part of the initial spike to the boundaries of 1.1240. In addition, and citing Greek PM A.Tsipras, EU creditors could have rejected the recent list submitted by Athens.
The context remains confusing in light of the upcoming Eurogroup meeting, with the possibility of a no-deal now gathering traction.
EUR/USD levels to consider
As of writing the pair is up 0.28% at 1.1199 and a breakout of 1.1236 (high Jun.23) would open the door to 1.1349 (high Jun.23) and finally 1.1404 (high Jun.22). On the other hand, the next support lines up at 1.1154 (low Jun.24) followed by 1.1135 (low Jun.23) and then 1.1087 (low Jun.8).
EUR/USD shed gains on Greece
Rumours that EU creditors could be considering the likeliness of a ‘Grexit’ scenario forced spot to surrender part of the initial spike to the boundaries of 1.1240. In addition, and citing Greek PM A.Tsipras, EU creditors could have rejected the recent list submitted by Athens.
The context remains confusing in light of the upcoming Eurogroup meeting, with the possibility of a no-deal now gathering traction.
EUR/USD levels to consider
As of writing the pair is up 0.28% at 1.1199 and a breakout of 1.1236 (high Jun.23) would open the door to 1.1349 (high Jun.23) and finally 1.1404 (high Jun.22). On the other hand, the next support lines up at 1.1154 (low Jun.24) followed by 1.1135 (low Jun.23) and then 1.1087 (low Jun.8).