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3 Jul 2015
EUR/USD flat below 1.1100
FXStreet (Edinburgh) - The shared currency keeps trading within a tight range at the end of the week, with EUR/USD meandering just below the 1.1100 handle.
EUR/USD focus on PMIs
Market sentiment remains flat following the lack of new developments on the Greek front ahead of Sunday’s referendum, while traders seem to have already digested yesterday’s softer-than-expected Payrolls during June (223K).
Markets across the pond will remain closed due to Independence Day, while the only releases in Euroland will be the final Services PMIs for the month of June and EMU’s Retail Sales (0.1% MoM exp.).
EUR/USD levels to consider
The pair is now advancing 0.07% at 1.1093 with the next resistance at 1.1171 (high Jul.1) followed by 1.1234 (high Jun.24) and finally 1.1244 (high Jun.30). On the downside, a breach of 1.1032 (low Jul.2) would target 1.1000 (psychological level) en route to 1.0955 (low Jun.29).
EUR/USD focus on PMIs
Market sentiment remains flat following the lack of new developments on the Greek front ahead of Sunday’s referendum, while traders seem to have already digested yesterday’s softer-than-expected Payrolls during June (223K).
Markets across the pond will remain closed due to Independence Day, while the only releases in Euroland will be the final Services PMIs for the month of June and EMU’s Retail Sales (0.1% MoM exp.).
EUR/USD levels to consider
The pair is now advancing 0.07% at 1.1093 with the next resistance at 1.1171 (high Jul.1) followed by 1.1234 (high Jun.24) and finally 1.1244 (high Jun.30). On the downside, a breach of 1.1032 (low Jul.2) would target 1.1000 (psychological level) en route to 1.0955 (low Jun.29).