FXStreet (Edinburgh) – The buying interest is now picking up pace around the euro, lifting EUR/USD to daily tops in the 1.1220 region.
EUR/USD bid after data
The pair managed to attempt a bull run to the 1.1220 area after Private Loans in the euro area grew at an annual pace of 0.5% during May and M3 Money Supply expanded 5.0% on the three months ended in May and 5.0% over the last twewlve months.
In the meantime, the focus remains on Greece despite the calmer morning in that front so far, with optimism on a deal still high in light of the vital Eurogroup meeting due tomorrow.
EUR/USD levels to consider
As of writing the pair is advancing 0.08% at 1.1213 and a breakout of 1.1229 (high Jun.25) would aim for 1.1288 (Tenkan Sen) and then 1.1292 (low Jun.19). On the other hand, the next support aligns at 1.1154 (low Jun.24) ahead of 1.1135 (low Jun.23) and finally 1.1087 (low Jun.8).
(Market News Provided by FXstreet)