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26 Jun 2015
EUR/USD breaks support and extends losses
FXStreet (Córdoba) - EUR/USD came under renewed pressure and hit fresh 3-week lows during the New York session as investors continue to monitor Greek developments.
Latest headlines suggest Greece had rejected latest creditors proposal to extend for 5-months the current bailout programme.
EUR/USD broke below the 1.1140 support area, where previous weekly lows converge with the 50-day SMA, and stretched to its lowest level since Jun 8 at 1.1129 in recent dealings. At time of writing, the pair is trading at 1.1145, still 0.49% below its opening price.
EUR/USD levels to watch
In terms of technical levels, next supports are now seen at 1.1100 (psychological level), 1.1083 (Jun 8 low) and 1.1054 (100-day SMA). On the flip side, resistances are seen at 1.1219 (Jun 26 high), 1.1234/37 (Jun 24 high/20-day SMA) and 1.1263 (10-day SMA).
Latest headlines suggest Greece had rejected latest creditors proposal to extend for 5-months the current bailout programme.
EUR/USD broke below the 1.1140 support area, where previous weekly lows converge with the 50-day SMA, and stretched to its lowest level since Jun 8 at 1.1129 in recent dealings. At time of writing, the pair is trading at 1.1145, still 0.49% below its opening price.
EUR/USD levels to watch
In terms of technical levels, next supports are now seen at 1.1100 (psychological level), 1.1083 (Jun 8 low) and 1.1054 (100-day SMA). On the flip side, resistances are seen at 1.1219 (Jun 26 high), 1.1234/37 (Jun 24 high/20-day SMA) and 1.1263 (10-day SMA).