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20 Aug 2015
EUR/USD off highs, focus on Greece
FXStreet (Edinburgh) - After hitting fresh multi-week tops beyond 1.1200 the figure, EUR/USD has now given away part of those gains and is returning to the 1.1190 area.
EUR/USD attention to Tsipras
The pair’s upside has been deriving support after the FOMC minutes showed a dovish tone on Wednesday, leaving markets empty-handed regarding the timing of the probable Fed’s lift-off.
Market attention has now turned to Greece after today’s repayment of €4.3 billion to the ECB, and to (still) Greek PM A.Tsipras, who has just announced he will step down as prime minister after calling for snap elections in September.
EUR/USD levels to watch
As of writing the pair is up 0.64% at 1.1194 with the next resistance at 1.1221 (high Aug.20) followed by 1.1244 (high Jun.30) and finally 1.1278 (high Jun.29). On the flip side, a breach of 1.1114 (low Aug.20) would aim for 1.1017 (low Aug.18) and then 1.0961 (low Aug.11).
EUR/USD attention to Tsipras
The pair’s upside has been deriving support after the FOMC minutes showed a dovish tone on Wednesday, leaving markets empty-handed regarding the timing of the probable Fed’s lift-off.
Market attention has now turned to Greece after today’s repayment of €4.3 billion to the ECB, and to (still) Greek PM A.Tsipras, who has just announced he will step down as prime minister after calling for snap elections in September.
EUR/USD levels to watch
As of writing the pair is up 0.64% at 1.1194 with the next resistance at 1.1221 (high Aug.20) followed by 1.1244 (high Jun.30) and finally 1.1278 (high Jun.29). On the flip side, a breach of 1.1114 (low Aug.20) would aim for 1.1017 (low Aug.18) and then 1.0961 (low Aug.11).