FXStreet (Guatemala) – EUR/USD is currently trading at 1.1337 with a high of 1.1341 and a low of 1.1327.
EUR/USD has taken back the gains scored by the bulls today at the start of the European week and further negotiations between the Eurogroup and Athens. EUR/USD is now directionless without there being any conclusion on a deal and there still being a great deal of work to be done, as explained by IMF’s Lagarde while EU’s Junker is confident that something will be agreed this week, as saying it has to be done this week when commenting in the press conference post the EU summit.
We now look ahead to the US and this week starts with Durable Goods. This is a key component to the Fed’s decision making process and this can be followed live here tomorrow. Then we have US GDP and from the EZ we are looking for the EZ PMI’s and German IFO numbers. Technically, the major is bid above the 1.1251 near term support line and longer term targets 1.1534 that guards the 38.2% retracement of the move down from 2014 at 1.1808. 12th June lows are in the firing line at 1.1151 below 1.1280 that guards 1.1052 being the 26th March high.
(Market News Provided by FXstreet)