- EUR up in early trade, stays firm into European open
- The common currency peaked at $1.11250 overnight, but was unable to sustain gains, a clear signal that euro bulls were none too excited just yet
- Rising optimism regarding the last attempt to find common ground between Greece and its international creditors to keep the pair supported
- A speech by Federal Reserve Chair Janet Yellen on the U.S. economic outlook – due at 1630 GMT – will be the major event of the day
- EUR/USD is currently trading at 1.1101, with immediate resistance at 1.1118 (July 3 High) levels, above which gains could be extended to 1.1156 (May 20 High) levels.
- On the downside, support is seen at 1.1055 (Today’s Low) and 1.0992 (July 9 Low).
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