FXStreet (Córdoba) – EUR/USD continues to trade near daily lows after the latest recovery attempt was capped by the 1.1265 area, barely affected by the latest round of US data.
Greek uncertainty keeps investors cautious
Weighed by higher US yields and lingering concerns about Greece, EUR/USD retraced half of yesterday’s gains and hit a low of 1.1213 before finding support. However, with the subsequent recovery limited by 1.1265, the pair was confined to a sideways phase over the last hours.
Many headlines from Greece has kept investors cautious after Greece submitted a new proposal that is being evaluated by the Eurogroup, according to latest comments from Dombrovskis.
EUR/USD technical levels
At time of writing, EUR/USD is trading at 1.2445, recording a 0.39% loss on the day, with next supports seen at 1.1213 (daily low) and 1.1143 (21-day SMA). On the other hand, resistances could be found at 1.1345 (daily high) and 1.1379 (Jun 4 high).
(Market News Provided by FXstreet)