Thursday 25 June 2015

XE Market Analysis: Europe - Jun 26, 2015

EUR-USD has continued to trade in a narrow range, slightly south of 1.1200 during most of the pre-Europe session in Asia. The unresolved Greece situation is deterring activity after hopes for a breakthrough were once again scuttled. Germany's Merkel said that Saturday's Eurogroup meeting will be decisive. EUR-USD resistance is at 1.1234 (Wednesday's peak) and 1.1230 (the 20-day moving average). Supports are at 1.1150-55 and 1.1134-35.



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