12 Jun 2015
EUR/USD nears 1.1300 amid Greek headlines and USD weakness
FXStreet (Córdoba) - EUR/USD stretched to fresh daily highs and knocked the doors of 1.1300 as the dollar weakened across the board, weighed by US yields, while the euro remains resilient despite Greek debt uncertainty.
Uncountable Greek headlines shed no light
While on the one hand, EU officials have reportedly discussed a Grexit scenario for the first time, a Greek official said Athens is “closer than ever to a deal” and stated PM Tsipras will meet creditors tomorrow morning in Brussels.
Against this backdrop, EUR/USD climbed to a daily high of 1.1295, faltering a few pips shy of the 1.1300 level. At time of writing, the pair is trading at 1.1277, recording a 0.19% gain on Friday.
EUR/USD levels to watch
On the upside, immediate resistances could be found at 1.1300 (psychological level), 1.1330 (Jun 11 high) and 1.1387 (Jun 10 high), while on the downside, supports are seen at 1.1150 (Jun 12 low), 1.1087 (Jun 8 low) and 1.1049 (Jun 5 low).
Uncountable Greek headlines shed no light
While on the one hand, EU officials have reportedly discussed a Grexit scenario for the first time, a Greek official said Athens is “closer than ever to a deal” and stated PM Tsipras will meet creditors tomorrow morning in Brussels.
Against this backdrop, EUR/USD climbed to a daily high of 1.1295, faltering a few pips shy of the 1.1300 level. At time of writing, the pair is trading at 1.1277, recording a 0.19% gain on Friday.
EUR/USD levels to watch
On the upside, immediate resistances could be found at 1.1300 (psychological level), 1.1330 (Jun 11 high) and 1.1387 (Jun 10 high), while on the downside, supports are seen at 1.1150 (Jun 12 low), 1.1087 (Jun 8 low) and 1.1049 (Jun 5 low).