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23 Jun 2015
EUR/USD recovers from 2-week low
FXStreet (Córdoba) - EUR/USD managed to trim some of its intraday losses as dollar’s rally paused following mixed US economic data.
EUR/USD fell to its lowest level in 2 weeks at 1.1134 amid broad USD strength that was fueled at the beginning of the New York session by Fed’s Powell hawkish comments. However, a string of mixed US data helped EUR/USD to climb back to the 1.1200 area. At time of writing, EUR/USD is trading at 1.1194, still 1.26% below its opening price.
Euro underperforms
The euro is among the worst performers among majors despite hopes Greece and its creditors will struck a deal over the next hours that will unlock €7.2 billion of the current bailout program.
EUR/USD levels to watch
In terms of technical levels, EUR/USD could find next supports at 1.1134 (Jun 23 low), 1.1100 (psychological level) and 1.1062 (100-day SMA). On the other hand, resistances are seen at 1.1294 (10-day SMA), 1.1347 (Jun 23 high) and 1.1396/1.1400 (Jun 19 high/psychological level).
EUR/USD fell to its lowest level in 2 weeks at 1.1134 amid broad USD strength that was fueled at the beginning of the New York session by Fed’s Powell hawkish comments. However, a string of mixed US data helped EUR/USD to climb back to the 1.1200 area. At time of writing, EUR/USD is trading at 1.1194, still 1.26% below its opening price.
Euro underperforms
The euro is among the worst performers among majors despite hopes Greece and its creditors will struck a deal over the next hours that will unlock €7.2 billion of the current bailout program.
EUR/USD levels to watch
In terms of technical levels, EUR/USD could find next supports at 1.1134 (Jun 23 low), 1.1100 (psychological level) and 1.1062 (100-day SMA). On the other hand, resistances are seen at 1.1294 (10-day SMA), 1.1347 (Jun 23 high) and 1.1396/1.1400 (Jun 19 high/psychological level).