EUR/USD tests highs on Greek rumours

FXStreet (Edinburgh) – Another deal just around the corner? It seems the Greek nonsense never ends. This time EUR/USD climbed to 1.1240 on hopes of (another) deal, although it has quickly faded the spike.

EUR/USD bounces off 1.1140

Spot has advanced over a big-figure boosted by another set of rumours sparked by the Greek government (who else?), who slipped the possibility of a last-minute deal with its EU creditors. The rumours were enough to revert the initial offered tone around the pair, although the bull run quickly lost vigour ahead of 1.1250.

Data in both Euroland and the US were largely ignored by markets, which remains only focused on Greece and Sunday’s referendum.

EUR/USD key levels

At the moment the pair is retreating 0.26% at 1.1206 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 1.1245 (high Jun.30) ahead of 1.1279 (high Jun.29) and finally 1.1283 (high Jun.23).

Another deal just around the corner? It seems the Greek nonsense never ends. This time EUR/USD climbed to 1.1240 on hopes of (another) deal, although it has quickly faded the spike…

(Market News Provided by FXstreet)