24 Jun 2015
EUR/USD resilient despite Greek uncertainty
FXStreet (Córdoba) - EUR/USD remains quite resilient despite Greece and creditors seem to be back at square one on negotiations as IMF rejected Greek proposals putting the whole deal in doubt.
No deal yet on Greece
Creditors offered counter proposals that according to Greek officials are “absurd” and unacceptable”. However, talks continue in Brussels as finance ministers arrive for an Eurogroup meeting.
Despite Greek uncertainty and broad dollar strength, EUR/USD has avoided to fall into negative ground for the day. EUR/USD pulled back from a peak of 1.1234 but steadied around 1.1180 over the last hours. At time of writing, the pair is trading at 1.1185, still up 0.17%.
EUR/USD technical levels
In terms of technical levels, next supports are seen at 1.1154 (Jun 24 low), 1.1134/26 (Jun 23 low/50-day SMA) and 1.1100 (psychological level). On the other hand, resistances could be found at 1.1234 (Jun 24 high) and 1.1278 (10-day SMA) and 1.1300 (psychological level).
No deal yet on Greece
Creditors offered counter proposals that according to Greek officials are “absurd” and unacceptable”. However, talks continue in Brussels as finance ministers arrive for an Eurogroup meeting.
Despite Greek uncertainty and broad dollar strength, EUR/USD has avoided to fall into negative ground for the day. EUR/USD pulled back from a peak of 1.1234 but steadied around 1.1180 over the last hours. At time of writing, the pair is trading at 1.1185, still up 0.17%.
EUR/USD technical levels
In terms of technical levels, next supports are seen at 1.1154 (Jun 24 low), 1.1134/26 (Jun 23 low/50-day SMA) and 1.1100 (psychological level). On the other hand, resistances could be found at 1.1234 (Jun 24 high) and 1.1278 (10-day SMA) and 1.1300 (psychological level).