11 Jun 2015
EUR/USD regains 1.1200 despite no progress on Greek talks
FXStreet (Córdoba) - The euro has managed to move off daily lows versus the dollar despite latest Greek headlines are signaling no progress was made.
No progress on Greece negotiations
The IMF said its team left Brussels after failure to make progress on Greek debt talks while EU Juncker has reportedly told Greek PM Tspiras Greece must close gaps to reach a deal based on June 3rd document; this is a final attempt for deal.
EUR/USD has managed to recover from lows despite Bund yields pullback and DAX falling sharply. The pair managed to bounce from a low of 1.1182 back above 1.1200 to currently trade at the 1.1240 area, still 0.72% below its opening price.
EUR/USD levels to watch
In terms of technical levels, next supports are seen at 1.1182 (Jun 11 low), 1.1145 (21-day SMA) and 1.1083 (Jun 8 low). On the other hand, resistances could be found at 1.1331 (Jun 11 high), 1.1385 (Jun 10 high) and 1.1400 (psychological level).
No progress on Greece negotiations
The IMF said its team left Brussels after failure to make progress on Greek debt talks while EU Juncker has reportedly told Greek PM Tspiras Greece must close gaps to reach a deal based on June 3rd document; this is a final attempt for deal.
EUR/USD has managed to recover from lows despite Bund yields pullback and DAX falling sharply. The pair managed to bounce from a low of 1.1182 back above 1.1200 to currently trade at the 1.1240 area, still 0.72% below its opening price.
EUR/USD levels to watch
In terms of technical levels, next supports are seen at 1.1182 (Jun 11 low), 1.1145 (21-day SMA) and 1.1083 (Jun 8 low). On the other hand, resistances could be found at 1.1331 (Jun 11 high), 1.1385 (Jun 10 high) and 1.1400 (psychological level).