FXStreet (Mumbai) – The EUR/USD pair inched higher to 1.0920 as fresh bids came-in around 1.0905 on the back of a better-than-expected German consumer confidence data for June released today.
USD offered across the board
The US dollar is being offered across the board ahead of the European morning. Still, the upticks in the EUR/USD are capped to some extent due to the ongoing Greek saga. The EUR/USD pair suffered losses in the previous session on the back of Greek issue and better-than-expected US data.
With an almost empty economic calendar in the Eurozone today, the EUR/USD pair would be influenced by market’s appetite of the US dollar.
EUR/USD Technical Levels
The pair currently trades at 1.0922. The immediate resistance is located at 1.0963, above which the pair could test 1.10 levels. On the flip side, a break below 1.09 could see the pair re-test the daily low of 1.0862.
(Market News Provided by FXstreet)