EURUSD Movement
For the 24 hours to 23:00 GMT, the EUR declined 0.43% against the USD and closed at 1.1150.
Yesterday, Greece confirmed that it will repay its €750 million loan instalment to the IMF, following a Euro-Group meeting in Brussels.
In the Asian session, at GMT0300, the pair is trading at 1.1166, with the EUR trading 0.15% higher from yesterday’s close.
The pair is expected to find support at 1.1132, and a fall through could take it to the next support level of 1.1099. The pair is expected to find its first resistance at 1.1198, and a rise through could take it to the next resistance level of 1.1231.
Trading trends in the pair Euro are expected to be determined by the outcome of key discussions between Greek officials and Euro zone finance ministers in the Euro group meeting, scheduled later today. Amid no significant economic release in the US today, investors will shift their attention to retail sales and consumer sentiment data, scheduled ahead in the week ahead, for more information about the health of the US economy in the second quarter
The currency pair is trading between its 20 Hr and 50 Hr moving averages.
