18 May 2015
EUR/USD keeps lows around 1.1370
FXStreet (Edinburgh) - The European currency remains entrenched in the negative territory at the beginning of the week, with EUR/USD now testing the lower bound of the daily range.
EUR/USD weaker on Greece
Spot is trading on a heavy tone in response to renewed concerns around Greece, after officials stressed over the weekend the need to clinch a deal with their EU creditors to face the imminent repayments.
Furthermore, a profit taking sentiment is also collaborating with today’s downside following the recent strong gains to multi-month tops near 1.1470.
EUR/USD significant levels
As of writing the pair is losing 0.69% at 1.1372 with the immediate support at 1.1365 (low May 18) ahead of 1.1324 (low May 15) and then 1.1302 (10-d MA). On the flip side, a breakout of 1.1451 (high May 18) would target 1.1468 (high May 15) en route to 1.1486 (high Feb.6).
EUR/USD weaker on Greece
Spot is trading on a heavy tone in response to renewed concerns around Greece, after officials stressed over the weekend the need to clinch a deal with their EU creditors to face the imminent repayments.
Furthermore, a profit taking sentiment is also collaborating with today’s downside following the recent strong gains to multi-month tops near 1.1470.
EUR/USD significant levels
As of writing the pair is losing 0.69% at 1.1372 with the immediate support at 1.1365 (low May 18) ahead of 1.1324 (low May 15) and then 1.1302 (10-d MA). On the flip side, a breakout of 1.1451 (high May 18) would target 1.1468 (high May 15) en route to 1.1486 (high Feb.6).