FXStreet (Edinburgh) – A bout of buying interest pushed EUR/USD to challenge the 1.1245/50 band on Monday.
EUR/USD focused on Greece, Draghi
Spot managed to leave behind overnight troughs in the 1.1180 area after Greece and its EU creditors failed to clinch a deal over the weekend, sparking some selling interest in early trade.
In addition, comments by ECB’s E.Nowotny has emphasized the QE success although he noted that the economic growth remains somewhat slow.
In the data space, Italian final May CPI is die followed by EMU’s Trade Balance figures and the speech by ECB’s M.Draghi.
EUR/USD key levels
As of writing the pair is losing 0.25% at 1.1236 with the next support at 1.1151 (low Jun.12) followed by 1.1087 (low Jun.8) and finally 1.1049 (low Jun.5). On the flip side, a break above 1.1247 (high Jun.15) would target 1.1297 (high Jun.12) en route to 1.1334 (high Jun.11).
(Market News Provided by FXstreet)