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4 Jun 2015
EUR/USD off highs, back to 1.1350
FXStreet (Edinburgh) - The European currency remains on the right footing on Thursday, with EUR/USD navigating the mid-1.1300s after climbing as high as 1.1380 in early trade.
EUR/USD focus on Bunds, US data
The sell off in the German Bunds continues to lift yields and remains the main source of strength for the single currency so far, as the situation in the Greek front seems to have entered a new limbo after the recent unfruitful meeting between PM A.Tsipras and EC Head J.C.Juncker.
Absent data releases in Euroland will prompt market participants to turn their focus on the US docket, where Initial Claims, Nonfarm Productivity and Unit Labor Costs are all due preceding the speech by Fed’s Tarullo.
EUR/USD levels to watch
The pair is gaining 0.71% at 1.1355 with the next hurdle at 1.1383 (high May 13) followed by 1.1400 (psychological level) and finally 1.14444 (high May 14). On the downside, a break below 1.1230 (low Jun.4) would open the door to 1.1079 (low Jun.3) and then 1.0918 (low Jun.2).
EUR/USD focus on Bunds, US data
The sell off in the German Bunds continues to lift yields and remains the main source of strength for the single currency so far, as the situation in the Greek front seems to have entered a new limbo after the recent unfruitful meeting between PM A.Tsipras and EC Head J.C.Juncker.
Absent data releases in Euroland will prompt market participants to turn their focus on the US docket, where Initial Claims, Nonfarm Productivity and Unit Labor Costs are all due preceding the speech by Fed’s Tarullo.
EUR/USD levels to watch
The pair is gaining 0.71% at 1.1355 with the next hurdle at 1.1383 (high May 13) followed by 1.1400 (psychological level) and finally 1.14444 (high May 14). On the downside, a break below 1.1230 (low Jun.4) would open the door to 1.1079 (low Jun.3) and then 1.0918 (low Jun.2).