2 Jul 2015
EUR/USD stuck around 1.1100
FXStreet (Edinburgh) - The shared currency is retaining today’s gains vs. the greenback, with EUR/USD trading comfortably in the 1.1100 area.
EUR/USD upside capped at 1.1120
The pair could not sustain the post-Payrolls spike to session tops around 1.1120, leaving the bulk of the trade in the 1.1080/1.1100 band instead. Poor results from the US labour market during June failed to ignite a more durable bull run in the pair, which remains more dependent on the outcome of Sunday’s referendum in Greece.
Moving on to Friday’s docket in Euroland, the final figures of the Services PMIs are due ahead of EMU’s Retail Sales for the month of May (0.1% MoM exp.).
EUR/USD levels to consider
The pair is now advancing 0.39% at 1.1096 with the next resistance at 1.1171 (high Jul.1) followed by 1.1234 (high Jun.24) and finally 1.1244 (high Jun.30). On the downside, a breach of 1.1032 (low Jul.2) would target 1.1000 (psychological level) en route to 1.0955 (low Jun.29).
EUR/USD upside capped at 1.1120
The pair could not sustain the post-Payrolls spike to session tops around 1.1120, leaving the bulk of the trade in the 1.1080/1.1100 band instead. Poor results from the US labour market during June failed to ignite a more durable bull run in the pair, which remains more dependent on the outcome of Sunday’s referendum in Greece.
Moving on to Friday’s docket in Euroland, the final figures of the Services PMIs are due ahead of EMU’s Retail Sales for the month of May (0.1% MoM exp.).
EUR/USD levels to consider
The pair is now advancing 0.39% at 1.1096 with the next resistance at 1.1171 (high Jul.1) followed by 1.1234 (high Jun.24) and finally 1.1244 (high Jun.30). On the downside, a breach of 1.1032 (low Jul.2) would target 1.1000 (psychological level) en route to 1.0955 (low Jun.29).