FXStreet (Edinburgh) – The shared currency is markedly higher vs. the greenback on Wednesday, with EUR/USD advancing beyond the 1.0900 handle.
EUR/USD retreats from highs
The pair attempted a bull run to daily tops around 1.0930 earlier, although the upside momentum lacked of follow through, relegating spot to the current 1.0915/20 band.
There are no scheduled releases in Euroland or the US today, leaving the pair exposed to the Greek headlines, as the debt talks between Greece and its EU creditors are set to resume today in Brussels nalong with the start of the G7 meeting in Dresden.
EUR/USD levels to consider
As of writing the pair is advancing 0.44% at 1.0921 with the next up barrier at 1.0984 (high May 26) followed by 1.1062 (low May 20) and finally 1.1208 (high May 22). On the downside, a breach of 1.0863 (low May 27) would aim for 1.0860 (low Apr.28) and then 1.0785 (low Apr.24).
(Market News Provided by FXstreet)