FXStreet (Edinburgh) – The European currency keeps its gains vs. the dollar on Thursday, with EUR/USD now consolidating around 1.0935/30.
EUR/USD attention to Greece, US data
Greece remains as the main driver for the pair’s price action so far, amidst rumours that the country could clinch a deal with its EU creditors by Sunday (?). In addition, further rumours were citing the possibility that finmin Y.Varoufakis could be replaced soon, although the government denied them soon afterwards.
Back to the euro area, Economic Sentiment surpassed previous estimates in May while Business Climate came in below consensus. In the US economy, Initial Claims and Pending Home Sales are due later.
EUR/USD levels to consider
As of writing the pair is up 0.23% at 1.0930 with the next resistance at 1.0952 (high May 28) ahead of 1.0984 (high May 26) followed by 1.1062 (low May 20). On the downside, a break below 1.0890 (low May 28) would open the door to 1.0819 (low May 27) and finally 1.0785 (low Apr.24).
The European currency keeps its gains vs. the dollar on Thursday, with EUR/USD now consolidating around 1.0935/30…
(Market News Provided by FXstreet)