5 Jun 2015
EUR/USD turns positive near 1.1270
FXStreet (Edinburgh) - The shared currency keeps gathering pace on Friday, now pushing EUR/USD to the positive territory around 1.1270/75.
EUR/USD firmer on German data, Greece eyed
The pair has managed to revert the negative start after the auspicious results from German Industrial Orders, advancing at a monthly pace of 1.4% during April. In addition, the Bundesbank revised up its economic growth forecasts for Germany, now expecting the economy to expand 1.7% in 2015, up from last December’s estimates at 1.0%.
In the Greek front, while debt talks will resume today, the Greek Economy Minister informed that today’s IMF repayment has been postponed, adding at the same time that the country is ready to discuss another ideas while ‘Grexit’ remains ‘off the table’ (for the time being).
EUR/USD levels to watch
The pair is advancing 0.08% at 1.1247 with the next hurdle at 1.1273 (high Jun.5) followed by 1.1383 (high May 13) and then 1.1400 (psychological level). On the downside, a break below 1.1180 (low Jun.5) would open the door to 1.1079 (low Jun.3) and then 1.0918 (low Jun.2).
EUR/USD firmer on German data, Greece eyed
The pair has managed to revert the negative start after the auspicious results from German Industrial Orders, advancing at a monthly pace of 1.4% during April. In addition, the Bundesbank revised up its economic growth forecasts for Germany, now expecting the economy to expand 1.7% in 2015, up from last December’s estimates at 1.0%.
In the Greek front, while debt talks will resume today, the Greek Economy Minister informed that today’s IMF repayment has been postponed, adding at the same time that the country is ready to discuss another ideas while ‘Grexit’ remains ‘off the table’ (for the time being).
EUR/USD levels to watch
The pair is advancing 0.08% at 1.1247 with the next hurdle at 1.1273 (high Jun.5) followed by 1.1383 (high May 13) and then 1.1400 (psychological level). On the downside, a break below 1.1180 (low Jun.5) would open the door to 1.1079 (low Jun.3) and then 1.0918 (low Jun.2).