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9 Jul 2015
EUR/USD drops further, tests 1.1010
FXStreet (Edinburgh) - The shared currency is now accelerating its downside, sending EUR/USD to test daily lows in the vicinity of 1.1010.
EUR/USD all eyes on Greek proposal
The pair remains entrenched in the negative ground, coming down from session tops near 1.1130 just to stabilize around 1.1040, although exhibiting further weakness at the moment.
The optimism around the possibility that Greece and the EU institutions could seal a deal in the upcoming days remains the only support for the EUR in the very near term, although according to Greek officials the fresh proposals could be submitted within the next hours.
EUR/USD levels to consider
The pair is now dropping 0.48% at 1.1023 with the next support at 1.0974 (low Jul.8) followed by 1.0916 (low Jul.7) and then 1.0900 (psychological level). On the flip side, a breakout of 1.1126 (high Jul.9) would aim for 1.1171 (high Jul.1) and then 1.1234 (high Jun.24).
EUR/USD all eyes on Greek proposal
The pair remains entrenched in the negative ground, coming down from session tops near 1.1130 just to stabilize around 1.1040, although exhibiting further weakness at the moment.
The optimism around the possibility that Greece and the EU institutions could seal a deal in the upcoming days remains the only support for the EUR in the very near term, although according to Greek officials the fresh proposals could be submitted within the next hours.
EUR/USD levels to consider
The pair is now dropping 0.48% at 1.1023 with the next support at 1.0974 (low Jul.8) followed by 1.0916 (low Jul.7) and then 1.0900 (psychological level). On the flip side, a breakout of 1.1126 (high Jul.9) would aim for 1.1171 (high Jul.1) and then 1.1234 (high Jun.24).