FXStreet (Edinburgh) – Volatility remains flat in the broad markets at the end of the week, with EUR/USD flat lining around the 1.1200 handle so far.
EUR/USD flat, focused on Greece
Just a few Greek headlines hitting the wires in an otherwise calm session on Friday, where market participants are eagerly waiting for the outcome of tomorrow’s Eurogroup meeting in Brussels, deemed as ‘decisive’ by German Chancellor A.Merkel.
In the meantime, and according to EU officials, creditors could offer a bailout extension until November, along with €15.5 billion of funding.
Data wise in the region, Private Loans expanded at an annual pace of 0.5% during May, while the final results of last month’s Reuters/Michigan index is only due across the pond.
EUR/USD levels to consider
As of writing the pair is losing 0.05% at 1.1198 with the next support at 1.1154 (low Jun.24) ahead of 1.1135 (low Jun.23) and finally 1.1087 (low Jun.8). On the other hand, a break above 1.1229 (high Jun.25) would aim for 1.1288 (Tenkan Sen) and then 1.1292 (low Jun.19).
(Market News Provided by FXstreet)