FXStreet (Mumbai) – The EUR/USD pair remained steady in the band of 1.11-1.1110 even though the Eurozone retail consumption in June rose more than expected.
Focus on Greek referendum
The investors remain focused on the Greek referendum scheduled on Monday. The results of the latest poll conducted by Bloomberg/Univ Macedonia showed ‘No’ vote still having a narrow lead. The uncertainty surrounding the referendum overshadowed the uptick in the Eurozone private sector activity and the better-than-expected Eurozone June retail sales (actual 0.2%, expected 0.1%).
With US markets closed, the pair is likely to witness a range bound trading amid lacklustre trading volumes. No fresh cues are coming through bond markets as well, as the US-German 10-year bond yield spread remains unchanged on the day at 156 basis points.
EUR/USD Technical Levels
The immediate resistance is seen at 1.1130, above which the pair could rise to 1.1167. On the flip side, a break below 1.1082 could push the pair down to the support at 1.1050.
(Market News Provided by FXstreet)