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20 Aug 2015
EUR/USD stuck within daily range
FXStreet (Edinburgh) - The single currency keeps the upside alive on Thursday, taking EUR/USD to the 1.1165/70 area.
EUR/USD re-focus on Greece?
After hitting session tops near 1.1190, spot faded the spike and dropped to the 1.1160 area, where it is now trying to wrap another bullish attempt. The pair keeps the trade in the upper end of the weekly range, at shouting distance from previous highs beyond the 1.1200 handle.
Greece is back! The euro is paying no attention so far to increasing rumours stating that Greek PM A.Tsipras could step down and call for snap elections. Further data from the Greek front argued that the country made effective a repayment to the ECB worth €3.4 billion today.
EUR/USD levels to watch
As of writing the pair is up 0.40% at 1.1167 with the next resistance at 1.1185 (high Aug.20) followed by 1.1190 (high Aug.13) and finally 1.1215 (high Aug.12). On the flip side, a breach of 1.1114 (low Aug.20) would aim for 1.1017 (low Aug.18) and then 1.0961 (low Aug.11).
EUR/USD re-focus on Greece?
After hitting session tops near 1.1190, spot faded the spike and dropped to the 1.1160 area, where it is now trying to wrap another bullish attempt. The pair keeps the trade in the upper end of the weekly range, at shouting distance from previous highs beyond the 1.1200 handle.
Greece is back! The euro is paying no attention so far to increasing rumours stating that Greek PM A.Tsipras could step down and call for snap elections. Further data from the Greek front argued that the country made effective a repayment to the ECB worth €3.4 billion today.
EUR/USD levels to watch
As of writing the pair is up 0.40% at 1.1167 with the next resistance at 1.1185 (high Aug.20) followed by 1.1190 (high Aug.13) and finally 1.1215 (high Aug.12). On the flip side, a breach of 1.1114 (low Aug.20) would aim for 1.1017 (low Aug.18) and then 1.0961 (low Aug.11).