FXStreet (Edinburgh) – Volatility in the global markets now seems to have taken a breather, with EUR/USD slowly advancing further beyond the 1.1300 handle.
EUR/USD all the attention to Greece
Rumours remain on the rise amongst traders while market participants look to the upcoming meeting between Tsipras, Hollande and Merkel as some sort of a ‘make-or-break’ scenario in the context of the ongoing and tedious EU-Greece debt talks.
Moving forwards to Thursday’s calendar, Greece will remain in the centre of the debate at least during the European morning, as no significant publications are scheduled in Euroland. Across the pond, May’s Retail Sales and Initial Claims will be the main drivers via the USD.
EUR/USD levels to watch
As of writing, the pair is now advancing 0.30% at 1.1316 with the next hurdle at 1.1387 (high Jun.10) followed by 1.1400 (psychological level) and then 1.1450 (high May 18). On the flip side, a breakdown of 1.1271 (low Jun.10) would open the door to 1.1214 (low Jun.9) and finally 1.1179 (low Jun.4).
(Market News Provided by FXstreet)