FXStreet (Edinburgh) – EUR/USD is now leaving the consolidative pattern around 1.1180 vs. the greenback, climbing beyond 1.1200 the figure ahead of the Eurogroup meeting.
EUR/USD keeps gains intact
Spot is doing its best to keep the daily gains in spite of the pronounced leg lower from session tops in early trade. In the meantime, all the attention remains at the Eurogroup meeting in Brussels, which is about to kick in.
Prior rumours, comments and the like let infer that a deal tonight remains highly unlikely, mainly after Greek authorities have rejected twice a set of proposals from their EU peers and that the gap between both parties remain wide, according to officials.
EUR/USD levels to consider
As of writing the pair is up 0.30% at 1.1201 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)