FXStreet (Edinburgh) – The European currency keeps losing its shine during the European morning, now sending EUR/USD to the 1.1210 region.
EUR/USD attention to the Greek meeting
The fragile situation around Greece keeps weighing on EUR sentiment today, with market participants now waiting for the outcome of the emergency meeting between PM Tsipras and main officials. Further news from Greece states that snap elections are ‘off the table’, according to Spokesman G.Sakellaridis.
In the data front, Italian consumer prices rose 0.1% inter-month and 0.1% on a year to May, while the trade surplus in the euro area rose to €24.3 billion during April.
EUR/USD key levels
As of writing the pair is losing 0.38% at 1.1221 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)