FXStreet (Mumbai) – The EUR/USD pair is back below 1.11 handle, after it ran into offers around 1.1110 for the second time in the European session today.
Awaits more news on Greece, Sentiment indicators weaken
The investors await more definite news on Greece after a number officials across the Eurozone calmed market nerves by stating a possibility of the Greece deal before the July 5 referendum in Greece. The verbal assurances helped the pair recover from the low of 1.09533 and clock a high at 1.1110-1.1112. However, markets need more definite comments from the concerned parties now.
In the meantime, the gains in the EUR were also capped by worsening of the sentiment indicators. The Eurozone services sentiment (7.9), industrial confidence (-3.4), business climate (0.14) printed lower than expected.
EUR/USD Technical Levels
The pair currently hovers around 1.1090. The immediate support is seen at 1.1050 (100-DMA), under which the pair could target the psychological support at 1.10. On the flip side, a break above 1.1110 could open doors for 1.1150 (50-DMA).
(Market News Provided by FXstreet)