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FxWirePro: Broad based USD strength keeps EUR/USD pressured

  • Broad based US dollar strength kept EUR/USD pressured despite renewed optimism seen around Greece 

  • A vast majority of Greek parliamentarians decided early on Thursday to accept bailout terms. However, fresh cracks in the government appeared, with the resignation of deputy FM Nantia Valavani over the bailout

  • July 14 doji just a pause in the pair's recent slide, RSIs still maintain bear bias 

  • EUR/USD is currently trading at 1.0929, with resistance by 1.1063 (Daily Tenkan-Sen) and support at 1.0916 (Daily Low Jul 7)
Resistance Levels: 

R1: 1.0974 (Hourly highs July 15)

R2: 1.1050 (10-Day MA)

R3: 1.1063 (Tenkan-Sen)

Support Levels:

S1: 1.0930 (Session low July 15)

S2: 1.0916 (Daily Low Jul 7)

S3: 1.0915 (Daily Low Jun 2)

  • Market Data
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