17 Jun 2015
EUR/USD keeps gains around 1.1270
FXStreet (Edinburgh) - The European currency keeps the positive territory vs. the US dollar on Wednesday, with EUR/USD meandering around 1.1270/75.
EUR/USD sidelined, focused on FOMC
The pair continues to consolidate around the comfort zone near 1.1260 today, fading the spike to the vicinity of the 1.1300 handle ahead of the critical FOMC meeting due later. In the data front, there were no surprises from the inflation figures in the euro area during May, matching flash prints, while the hawkish BoE minutes gave the sterling further tailwinds and accentuated the selling pressure in EUR/GBP.
Back to Greece, differences between both negotiating parties remain wide, while the Eurogroup meeting tomorrow is unlikely to show any progress on the debt talks.
EUR/USD relevant levels
As of writing the pair is up 0.24% at 1.1274 with the next resistance at 1.1293 (high Jun.17) ahead of 1.1331 (high Jun.16) and finally 1.1334 (high Jun.11). On the flip side, a breakdown of 1.1239 (low Jun.17) would open the door to 1.1205 (low Jun.16) on its way to 1.1189 (low Jun.15).
EUR/USD sidelined, focused on FOMC
The pair continues to consolidate around the comfort zone near 1.1260 today, fading the spike to the vicinity of the 1.1300 handle ahead of the critical FOMC meeting due later. In the data front, there were no surprises from the inflation figures in the euro area during May, matching flash prints, while the hawkish BoE minutes gave the sterling further tailwinds and accentuated the selling pressure in EUR/GBP.
Back to Greece, differences between both negotiating parties remain wide, while the Eurogroup meeting tomorrow is unlikely to show any progress on the debt talks.
EUR/USD relevant levels
As of writing the pair is up 0.24% at 1.1274 with the next resistance at 1.1293 (high Jun.17) ahead of 1.1331 (high Jun.16) and finally 1.1334 (high Jun.11). On the flip side, a breakdown of 1.1239 (low Jun.17) would open the door to 1.1205 (low Jun.16) on its way to 1.1189 (low Jun.15).