FXStreet (Barranquilla) – The Euro is rallying against the US Dollar as investors are buying the latest rumors about a possible Greece deal as soon as this weekend. After rising over 100 pips from today’s lows at 1.0915, the EUR/USD is now testing 1.1050.
Euro is rising on the back of new rumors about Greece that say the Eurozone is weighting for a short term deal on Greece by Sunday. In addition to a new program for 2-3 years. According to sources, French officials also commented that the ECB can support Greek banks if aid in works.
Currently, EUR/USD is trading at 1.1011, down 0.42% on the day, having posted a daily high at 1.1059 and low at 1.0916. The hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is slightly bullish.
EUR/USD levels
If the Euro to USD consolidates levels above 1.1000, it will find resistances at 1.1050 and 1.1060 and then 1.1100. To the downside, supports are at 1.1000, 1.0920 and 1.0880.
(Market News Provided by FXstreet)