FXStreet (Edinburgh) – The shared currency is posting marginal gains vs. the greenback on Tuesday, taking EUR/USD to the 1.0935/40 band so far.
EUR/USD attention to EMU data, Greece
Despite yesterday’s firm tone around the US dollar, the pair managed well to keep the trade above the 1.0900 mark. While Greece as the main catalyst for the pair’s price action in the near term, today’s flash inflation figures in the euro area will also grab attention. Market consensus sees headline consumer prices advancing at an annual pace of 0.2% while core prices are expected to have ticked higher to 0.7% on a year to May.
Across the pond, US Factory Orders (0.0% exp.) will be the main highlight, followed by second-tier releases: Total Vehicle Sales and IBD/TIPP Economic Optimism.
EUR/USD levels to watch
The pair is now up 0.05% at 1.0933 with the next resistance at 1.0990 (high Jun.1) ahead of 1.1002 (10-d MA) and then 1.1010 (high May 25). On the flip side, a breach of 1.0867 (low May 28) would aim for 1.0819 (low May 27) and finally 1.0800 (psychological level).
(Market News Provided by FXstreet)