FXStreet (Edinburgh) – The single currency remains mired in the red ground on Tuesday, taking EUR/USD to the 1.1155/50 band.
EUR/USD weaker on Greece, USD
Month-end flows and the resurgence of the bid tone around the greenback remains a drag for the pair so far, all coupled with the prevailing confusion in Greece following the usual wave of rumours and rejections.
In the meantime, hopes of a last-minute deal remain well and sound amongst the Greek negotiators, while ‘Yes’ supporters keep gathering in Athens’s main square for tonight’s rally.
EUR/USD key levels
At the moment the pair is retreating 0.26% at 1.1206 and a breach below 1.1134 (low Jun.30) would target 1.0954 (low Jun.29) en route to 1.0918 (low Jun.2). On the flip side, the initial hurdle aligns at 1.1245 (high Jun.30) ahead of 1.1279 (high Jun.29) and finally 1.1283 (high Jun.23).
(Market News Provided by FXstreet)