EUR/USD rises to 1.1258, Bundesbank chief comments ignored

15 June, 2015

The common currency recovered from the early wobble, thereby pushing the EUR/USD to a fresh session high of 1.1258 levels. 

Greece is running out of time – Bundesbank’s Weidmann

The shared currency has once again shown resilience to another set of comments over Greece coming from the Bundesbank chief who said Greece is running out of time to strike a deal with creditors. Similar comments from the CDU’s Kauder were ignored earlier today as the pair continued its recovery from the Asian session low of 1.1188. 

Ahead in the day, the spot could be influenced by the US industrial production data. The Eurozone trade balance data may be ignored by the markets as usual. 

EUR/USD Technical Levels

The spot currently trades at 1.1240. The immediate resistance is seen at 1.1293, above which the pair could target 1.1330. On the flip side, a break below 1.1229 could see the pair re-test the Asian session low of 1.1188.


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