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17 Jul 2015
EUR/USD keeps gains near 1.0900
FXStreet (Edinburgh) - The single currency is clinging to its gains vs. the greenback during the European morning, with EUR/USD navigating the 1.08901.0900 area so far.
EUR/USD focus on Greece, US data
Greek headlines will continue to be a source of volatility for the pair today. Market participants remain vigilant on news regarding the Greek banking system and the likeliness that banks could re-open their doors on Monday, all following yesterday’s announcement that the ECB has raised its ELA ceiling by €900 million and the EU has approved a bridge-loan worth €7 billion.
Data wise, nothing worth mentioning in Euroland, whereas inflation figures in the US economy tracked by the CPI and the preliminary gauge of the Reuters/Michigan index will grab all the attention across the Atlantic.
EUR/USD levels to watch
At the moment the pair is up 0.17% at 1.0893 with the next hurdle at 1.1036 (high Jul.15) followed by 1.1086 (high Jul.14) and then 1.1197 (high Jul.13). On the downside, a breach of 1.0819 (low May 27) would target 1.0789 (low Apr.25) en route to 1.0666 (low Apr.24).
EUR/USD focus on Greece, US data
Greek headlines will continue to be a source of volatility for the pair today. Market participants remain vigilant on news regarding the Greek banking system and the likeliness that banks could re-open their doors on Monday, all following yesterday’s announcement that the ECB has raised its ELA ceiling by €900 million and the EU has approved a bridge-loan worth €7 billion.
Data wise, nothing worth mentioning in Euroland, whereas inflation figures in the US economy tracked by the CPI and the preliminary gauge of the Reuters/Michigan index will grab all the attention across the Atlantic.
EUR/USD levels to watch
At the moment the pair is up 0.17% at 1.0893 with the next hurdle at 1.1036 (high Jul.15) followed by 1.1086 (high Jul.14) and then 1.1197 (high Jul.13). On the downside, a breach of 1.0819 (low May 27) would target 1.0789 (low Apr.25) en route to 1.0666 (low Apr.24).