FXStreet (Edinburgh) – The shared currency is trading on the defensive vs. the greenback on Friday, taking EUR/USD to a consolidative pattern below the 1.1200 handle.
EUR/USD vigilant on Greece, EMU data
Developments in Greece remain the almost exclusive source of volatility for the pair so far, with EU and Greek officials now taking centre stage following the successive failures at the recent meetings and in light of the Eurogroup gathering over the weekend.
Just a few releases in the data space, with EMU’s M3 Money Supply and Private Loans results due later, ahead of the Reuters/Michigan index and the speech by Fed’s E.George across the Atlantic.
EUR/USD levels to consider
As of writing the pair is losing 0.15% at 1.1187 with the next support at 1.1154 (low Jun.24) ahead of 1.1135 (low Jun.23) and finally 1.1087 (low Jun.8). On the flip side, a breakout of 1.1229 (high Jun.25) would aim for 1.1288 (Tenkan Sen) and then 1.1292 (low Jun.19).
(Market News Provided by FXstreet)