EUR/USD back to 1.1180 on deal rumours

FXStreet (Edinburgh) – The shared currency has returned to the 1.1170 area vs. the US dollar on Tuesday, with EUR/USD deflating from session tops near 1.1220.

EUR/USD swings on Greek headlines

Once again, and according to rumours, the Greek government has left the door open to further talks with the EU institutions, while PM A.Tsipras could be evaluating the (already rejected) proposal presented by EC’s J.C.Juncker on Monday. In addition, Tsipras could return to Brussels later today to embark in further discussions with EU officials.

Next on tap in the pair, Chicago PMI, S&P/Case-Shiller index and Consumer Confidence are all due across the pond.

EUR/USD key levels

At the moment the pair is retreating 0.48% at 1.1181 and a breach below 1.1134 (low Jun.30) would target 1.0954 (low Jun.29) en route to 1.0918 (low Jun.2). On the flip side, the initial hurdle aligns at 1.1243 (high Jun.30) ahead of 1.1279 (high Jun.29) and finally 1.1283 (high Jun.23).

The shared currency has returned to the 1.1170 area vs. the US dollar on Tuesday, with EUR/USD deflating from session tops near 1.1220…

(Market News Provided by FXstreet)