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20 Aug 2015
EUR/USD attempts a bounce to 1.1150
FXStreet (Mumbai) - EUR/USD recovered from lows reached just ahead of 1.11 barrier and posts modest gains the European morning, as the traders digest the Greece-ECB repayment headlines amid a data-light EUR docket. Focus now shifts back towards a host of US data flow due later today.
EUR/USD bounces-off lows near 1.1110
The EUR/USD pair trades 0.15% higher at 1.1136, clinging to 1.100 levels. The main currency pair erased losses and turned back in the green territory as the strengthening EUR/GBP cross on UK retail sales miss continues to push EUR/USD higher.
Moreover, renewed optimism surrounding Greece after the nation made a EUR 3.4 billion loan repayment to the ECB, also boosted the European currency higher across the board.
Meanwhile, markets now await a series of US economic releases due later today for further momentum on the pair. US weekly jobless claims, existing home sales and Philly Fed manufacturing index will be on the cards.
EUR/USD Technical Levels
The pair has an immediate resistance at 1.1148 (Today’s High) levels, above which gains could be extended to 1.1188 (Aug 14 High) levels. On the flip side, support is seen at 1.1100 below which it could extend losses to 1.1079 (Aug 13 Low).
EUR/USD bounces-off lows near 1.1110
The EUR/USD pair trades 0.15% higher at 1.1136, clinging to 1.100 levels. The main currency pair erased losses and turned back in the green territory as the strengthening EUR/GBP cross on UK retail sales miss continues to push EUR/USD higher.
Moreover, renewed optimism surrounding Greece after the nation made a EUR 3.4 billion loan repayment to the ECB, also boosted the European currency higher across the board.
Meanwhile, markets now await a series of US economic releases due later today for further momentum on the pair. US weekly jobless claims, existing home sales and Philly Fed manufacturing index will be on the cards.
EUR/USD Technical Levels
The pair has an immediate resistance at 1.1148 (Today’s High) levels, above which gains could be extended to 1.1188 (Aug 14 High) levels. On the flip side, support is seen at 1.1100 below which it could extend losses to 1.1079 (Aug 13 Low).