11 Aug 2015
EUR/USD falters ahead of 1.1100
FXStreet (Córdoba) - The euro reached a fresh August high against the dollar on Tuesday after Greece and its creditors reached a bailout deal, but faltered ahead of the 1.11 mark.
EUR/USD reached its highest level since Jul 31 at 1.1087, but failed to stay at highs and pulled back to the 1.1030 zone. At time of writing, EUR/USD is trading at 1.1048, still up 0.27% on the day.
Greece and international lenders struck a third bailout deal on Tuesday and the Eurogroup will reportedly meet on Friday to approve the agreement.
EUR/USD technical levels
As for technical levels, next resistances are seen at 1.1087 (Aug 11 high), 1.1093 (50-day SMA) and 1.1113 (Jul 31 high). On the other hand, supports could be found at 1.1032 (100-day SMA), 1.1000 (psychological level) and 1.0960 (Aug 11 low).
EUR/USD reached its highest level since Jul 31 at 1.1087, but failed to stay at highs and pulled back to the 1.1030 zone. At time of writing, EUR/USD is trading at 1.1048, still up 0.27% on the day.
Greece and international lenders struck a third bailout deal on Tuesday and the Eurogroup will reportedly meet on Friday to approve the agreement.
EUR/USD technical levels
As for technical levels, next resistances are seen at 1.1087 (Aug 11 high), 1.1093 (50-day SMA) and 1.1113 (Jul 31 high). On the other hand, supports could be found at 1.1032 (100-day SMA), 1.1000 (psychological level) and 1.0960 (Aug 11 low).