11 Aug 2015
EUR/USD finds support above 1.1000
FXStreet (Córdoba) - EUR/USD retreated after reaching at 1.1087 the highest level since July 31. The decline found support above 1.1000 and currently it trades at 1.1030, slightly above the level it closed yesterday.
The euro is so far among the best performers in the currency market on Tuesday as the Greek deal appears to be ready to sign on Friday. Before, on Thursday the Parliament in Greece will vote to approve or not the new agreement. Also a strong rally of EUR/CHF could have boosted the EUR/USD.
EUR/USD continues to rise
The European currency is about to post the fifth daily gain in a row and the strongest close since July 28, against the US dollar as it continues to move to the upside after bottoming in August at 1.0846.
The negative sign for EUR/USD is that it ended far from the highs. But a consolidation on top of 1.1100 could open the doors for further gains.
The euro is so far among the best performers in the currency market on Tuesday as the Greek deal appears to be ready to sign on Friday. Before, on Thursday the Parliament in Greece will vote to approve or not the new agreement. Also a strong rally of EUR/CHF could have boosted the EUR/USD.
EUR/USD continues to rise
The European currency is about to post the fifth daily gain in a row and the strongest close since July 28, against the US dollar as it continues to move to the upside after bottoming in August at 1.0846.
The negative sign for EUR/USD is that it ended far from the highs. But a consolidation on top of 1.1100 could open the doors for further gains.