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27 May 2015
EUR/USD slips to 1.0880 on Greek headlines
FXStreet (Edinburgh) - The European currency has almost fully retraced the initial spike to the 1.0930 area, with EUR/USD returning to the 1.0885/80 band.
EUR/USD weaker on Greece
Spot lost its initial upbeat momentum after rumours regarding the possibility that Greece could miss upcoming deadlines were hovering over the markets.
Furthermore, the European Central Bank informed that it kept unchanged the limit of its emergency assistance programme to Greek banks at €80.2 billion, amidst news that savers have withdrawn €300 million from their accounts on Tuesday.
EUR/USD levels to consider
As of writing the pair is advancing 0.10% at 1.0885 with the next up barrier at 1.0984 (high May 26) followed by 1.1062 (low May 20) and finally 1.1208 (high May 22). On the downside, a breach of 1.0863 (low May 27) would aim for 1.0860 (low Apr.28) and then 1.0785 (low Apr.24).
EUR/USD weaker on Greece
Spot lost its initial upbeat momentum after rumours regarding the possibility that Greece could miss upcoming deadlines were hovering over the markets.
Furthermore, the European Central Bank informed that it kept unchanged the limit of its emergency assistance programme to Greek banks at €80.2 billion, amidst news that savers have withdrawn €300 million from their accounts on Tuesday.
EUR/USD levels to consider
As of writing the pair is advancing 0.10% at 1.0885 with the next up barrier at 1.0984 (high May 26) followed by 1.1062 (low May 20) and finally 1.1208 (high May 22). On the downside, a breach of 1.0863 (low May 27) would aim for 1.0860 (low Apr.28) and then 1.0785 (low Apr.24).