FXStreet (Edinburgh) – The European currency is now trading almost unchanged vs. the US dollar, with EUR/USD hovering over the 1.1200 mark.
EUR/USD unmotivated, Greece weighs
After an ephemeral visit to the area of session peaks around 1.1220, the pair shed those gains and is now back to the 1.1200 neighbourhood. The wave of rumours from the Greek front remains calm so far, with latest news speaking about a meeting between Tsipas, Hollande and Merkel in Brussels and the ECB leaving unchanged its ELA ceiling for Greek banks.
Previously, EMU’s M3 Money Supply expanded 5.0% on a year to May and Private Loans grew 0.5% on a yearly basis during last month. Ahead in the session, the final figures of the Reuters/Michigan index for the month of May are also due, expected at 94.6.
EUR/USD levels to consider
As of writing the pair is advancing 0.01% at 1.1205 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)