FXStreet (Edinburgh) – The common currency has extended its daily decline on Thursday, sending EUR/USD to test fresh lows in the mid-1.1100s.
EUR/USD weaker on Greek woes
The situation around the EU-Greece debt talks keeps deteriorating ahead of the Eurogroup meeting today, as rumours and counter-rumours on a EU’s ultimatum to PM A.Tsipras regarding a new list of proposals keep building up.
Adding to the rising pessimism, the ECB has left unchanged its ELA ceiling for Greek banks
EUR/USD levels to consider
As of writing the pair is retreating 0.34% at 1.1166 with a breach of 1.1154 (low Jun.24) would aim for 1.1135 (low Jun.23) and finally 1.1087 (low Jun.8). On the flip side, the initial up barrier aligns at 1.1221 (high Jun.25) followed by 1.1288 (Tenkan Sen) and then 1.1292 (low Jun.19).
(Market News Provided by FXstreet)