FXStreet (Edinburgh) – The shared currency keeps the gains vs. the greenback at the end of the week, taking EUR/USD to the 1.1260/65 band.
EUR/USD bolstered by Bunds momentum
Without any progress in the Greek-EU debt negotiations, the scenario continues to be dominated by rumours and (empty) promises by Greek authorities, who managed to postpone today’s €300 billion IMF repayment to the end of June.
Back to Germany, the sell off in the Bund market remains well and sound, lending some support to the shared currency via higher yields with the 10-year benchmark around 0.90%.
EUR/USD levels to watch
The pair is advancing 0.25% at 1.1266 with the next hurdle at 1.1281 (high Jun.5) followed by 1.1383 (high May 13) and then 1.1400 (psychological level). On the downside, a break below 1.1180 (low Jun.5) would open the door to 1.1079 (low Jun.3) and then 1.0918 (low Jun.2).
(Market News Provided by FXstreet)