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17 Jul 2015
EUR/USD eyes 1.0900 on German ‘Ja’
FXStreet (Edinburgh) - EUR/USD approached the 1.0900 level following the positive Bundestag vote on Friday.
EUR/USD within the range
The pair kept the composure after the German Parliament approved starting talks over a third bailout package for Greece. The ‘Yes’ vote won by a clear majority of 439 votes vs. 119 ‘No’ while 40 lawmakers have abstained. Of note, however, was that 50 of Merkel’s CDU/CSU members have voted against the bailout.
The pair is now waiting for the US CPI figures, with consumer prices expected to have risen 0.1% on a year to June.
EUR/USD levels to watch
At the moment the pair is up 0.16% at 1.0892 with the next hurdle at 1.1036 (high Jul.15) followed by 1.1086 (high Jul.14) and then 1.1197 (high Jul.13). On the downside, a breach of 1.0819 (low May 27) would target 1.0789 (low Apr.25) en route to 1.0666 (low Apr.24).
EUR/USD within the range
The pair kept the composure after the German Parliament approved starting talks over a third bailout package for Greece. The ‘Yes’ vote won by a clear majority of 439 votes vs. 119 ‘No’ while 40 lawmakers have abstained. Of note, however, was that 50 of Merkel’s CDU/CSU members have voted against the bailout.
The pair is now waiting for the US CPI figures, with consumer prices expected to have risen 0.1% on a year to June.
EUR/USD levels to watch
At the moment the pair is up 0.16% at 1.0892 with the next hurdle at 1.1036 (high Jul.15) followed by 1.1086 (high Jul.14) and then 1.1197 (high Jul.13). On the downside, a breach of 1.0819 (low May 27) would target 1.0789 (low Apr.25) en route to 1.0666 (low Apr.24).