FXStreet (Edinburgh) – The single currency has recovered the positive tone vs. the dollar, with EUR/USD now looking to advance beyond the 1.0900 handle.
EUR/USD focus on Greece, data
The pair’s price action will surely continue to hinge on Greece during the second half of the week as well, all against a sea of rumours and counter-rumours regarding a deal (or the lack of) between the Brussels Group and the Greek negotiators.
However, Thursday and Friday will offer a very interesting calendar in both Euroland and the US. Starting with tomorrow’s EMU’s Economic Sentiment and Consumer Confidence followed by the EU Financial Stability Report, while Initial Claims and Pending Home Sales will be in the limelight across the Atlantic.
EUR/USD levels to consider
As of writing the pair is up 0.12% at 1.0886 with the next resistance at 1.0930 (high May 27) ahead of 1.0984 (high May 26) followed by 1.1062 (low May 20). On the downside, a break below 1.0819 (low May 27) would target 1.0800 (psychological level) en route to 1.0785 (low Apr.24).
(Market News Provided by FXstreet)