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4 Jun 2015
EUR/USD climbs to highs near 1.1350
FXStreet (Edinburgh) - The single currency abruptly left the mid-1.1200s vs. the greenback and is now pushing EUR/USD well beyond the 1.1300 handle.
EUR/USD up on Bunds performance
Once again the pair is being propelled by a continuation of the sell-off in the German Bunds, sending yields higher and sustaining the EUR rally to fresh 2-week tops near 1.1350.
When comes to catalysts, spot seems to have relegated the Greek situation to the passenger’s seat today, in spite of the deterioration of the scenario after Tsipras and Juncker could not find common ground at last night’s meeting.
EUR/USD levels to watch
The pair is gaining 0.62% at 1.1345 with the next hurdle at 1.1383 (high May 13) followed by 1.1400 (psychological level) and finally 1.14444 (high May 14). On the downside, a break below 1.1230 (low Jun.4) would open the door to 1.1079 (low Jun.3) and then 1.0918 (low Jun.2).
EUR/USD up on Bunds performance
Once again the pair is being propelled by a continuation of the sell-off in the German Bunds, sending yields higher and sustaining the EUR rally to fresh 2-week tops near 1.1350.
When comes to catalysts, spot seems to have relegated the Greek situation to the passenger’s seat today, in spite of the deterioration of the scenario after Tsipras and Juncker could not find common ground at last night’s meeting.
EUR/USD levels to watch
The pair is gaining 0.62% at 1.1345 with the next hurdle at 1.1383 (high May 13) followed by 1.1400 (psychological level) and finally 1.14444 (high May 14). On the downside, a break below 1.1230 (low Jun.4) would open the door to 1.1079 (low Jun.3) and then 1.0918 (low Jun.2).