FXStreet (Edinburgh) – The European currency is managing to keep the trade above the 1.1200 handle vs. the dollar, with EUR/USD treading water in the 1.1210/15 band.
EUR/USD ignores rumours, focuses on Eurogroup
The pair is paying no attention to mounting rumours around Greece, ahead of the Eurogroup meeting due later in the European evening. Recent news stressed that Greek authorities have also rejected the second set of proposals submitted by EU officials this morning. The sticking points still remain VAT hikes and pensions.
In terms of data releases, next of relevance in the pair will be the US GDP Annualized during Q1 and the Personal Consumption Expenditures.
EUR/USD levels to consider
As of writing the pair is up 0. 36 at 1.1208 and a breakout of 1.1236 (high Jun.23) would open the door to 1.1349 (high Jun.23) and finally 1.1404 (high Jun.22). On the other hand, the next support lines up at 1.1154 (low Jun.24) followed by 1.1135 (low Jun.23) and then 1.1087 (low Jun.8).
(Market News Provided by FXstreet)