Back
2 Jun 2015
EUR/USD rises to 1.0960
FXStreet (Mumbai) - The common currency is extending gains against the greenback in the early European session on Tuesday, taking the EUR/USD pair higher to 1.0960 levels.
EUR/USD awaits Eurozone CPI data
The investors await the Eurozone CPI data, which is expected to show consumer prices advancing at an annual pace of 0.2%, while core prices are expected to have ticked higher to 0.7% on a year to May.
The early weakness in the EUR/USD pair was erased despite statements from the Greek labor minister that there is no more room for compromise left for his country. However, the news failed to have an impact as Spanish radio reported that the EU are ready to offer more funds to Greece totaling EUR 9 billion.
EUR/USD Technical Levels
The immediate resistance is located at 1.0970, above which the pair could rise to 1.10 levels. On the flip side, a break below 1.0933 could push the pair down to 1.0890 levels.
EUR/USD awaits Eurozone CPI data
The investors await the Eurozone CPI data, which is expected to show consumer prices advancing at an annual pace of 0.2%, while core prices are expected to have ticked higher to 0.7% on a year to May.
The early weakness in the EUR/USD pair was erased despite statements from the Greek labor minister that there is no more room for compromise left for his country. However, the news failed to have an impact as Spanish radio reported that the EU are ready to offer more funds to Greece totaling EUR 9 billion.
EUR/USD Technical Levels
The immediate resistance is located at 1.0970, above which the pair could rise to 1.10 levels. On the flip side, a break below 1.0933 could push the pair down to 1.0890 levels.