FXStreet (Mumbai) – EUR/USD hovers above 1.13 support level, attempting another to breach the last in the European session, as speculations surrounding Grexit escalates, while the Euro group meeting ended its Greek talks with no progress, as expected.
EUR/USD rejected at 1.1400
The EUR/USD pair trades -0.51% lower at 1.1309, having tested 1.1300 twice last hours. The EUR/USD remains pressured amid increasing worries that Greece and its international lenders won’t find solution to the ongoing debt drama.
While EU leaders will meet on Monday for a special session in an attempt to resolve the Greek crisis after the Euro group meeting on Thursday failed to break a current deadlock between Greece and its lenders.
Moreover, a strong rebound seen in the US dollar against its major competitors also exerted additional pressure on the shared currency, keeping EUR/USD highly undermined.
EUR/USD Technical Levels
The pair has an immediate resistance at 1.1400 levels, above which gains could be extended to 1.1438 (June 18 High) levels. On the flip side, support is seen at 1.1329 (June 18 Low) below which it could extend losses to 1.1297 (May 18 Low) levels.
(Market News Provided by FXstreet)