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16 Jul 2015
EUR/USD keeps falling, focus on Draghi
FXStreet (Edinburgh) - The offered tone has not given up around the euro today, dragging EUR/USD to fresh multi-lows around 1.0870/65.
EUR/USD attention to Draghi, Greece
The pair has extended its intraday decline ahead of the press conference by President M.Draghi, after the European Central Bank has left unchanged its monetary stance at today’s meeting, broadly in line with market expectations.
Prior surveys expect the press conference to be dominated by Greece in light of the recent deal with its EU creditors, while the potential decision of the central bank regarding the ELA to Greek banks could also be discussed.
EUR/USD levels to watch
At the moment the pair is retreating 0.75% at 1.0867 and a breach of 1.0819 (low May 27) would target 1.0789 (low Apr.25) en route to 1.0666 (low Apr.24). On the other hand, the initial up barrier aligns at 1.1036 (high Jul.15) followed by 1.1086 (high Jul.14) and then 1.1197 (high Jul.13).
EUR/USD attention to Draghi, Greece
The pair has extended its intraday decline ahead of the press conference by President M.Draghi, after the European Central Bank has left unchanged its monetary stance at today’s meeting, broadly in line with market expectations.
Prior surveys expect the press conference to be dominated by Greece in light of the recent deal with its EU creditors, while the potential decision of the central bank regarding the ELA to Greek banks could also be discussed.
EUR/USD levels to watch
At the moment the pair is retreating 0.75% at 1.0867 and a breach of 1.0819 (low May 27) would target 1.0789 (low Apr.25) en route to 1.0666 (low Apr.24). On the other hand, the initial up barrier aligns at 1.1036 (high Jul.15) followed by 1.1086 (high Jul.14) and then 1.1197 (high Jul.13).