EURUSD Movement
For the 24 hours to 23:00 GMT, the EUR declined 0.15% against the USD and closed at 1.1345 as investors eyed Greek debt discussions.
Yesterday, the European finance leaders gave Greek government an additional 48 hours to make the final attempt to satisfy its international creditors and end the debt crisis.
In other economic news, the Euro-zone’s consumer confidence index remained unchanged at -5.60 in June, while markets expected it to fall to -5.80.
In the US, existing home sales rebounded 5.1% MoM in May, exceeding market expectations for a 4.8% rise and following a drop of 3.3% in April.
In the Asian session, at GMT0300, the pair is trading at 1.1267, with the EUR trading 0.69% lower from yesterday’s close.
The pair is expected to find support at 1.1211, and a fall through could take it to the next support level of 1.1155. The pair is expected to find its first resistance at 1.1367, and a rise through could take it to the next resistance level of 1.1467.
Trading trends in the Euro today are expected to be determined by the manufacturing and services PMI of the Euro-zone and its peripheries, scheduled in a few hours. Additionally, the US durable goods orders data, scheduled later today will be in sharp focus.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
