FXstreet.com (Barcelona) – The agreement between EU
FXstreet.com (Barcelona) – The agreement between EU and IMF representatives to provide Greece with a EUR 110,000 billion bailout package has failed to support the Euro, and the common currency has dropped from 1.3350 area to 1.3205 session low, to pick up to 1.3250 at European session opening.
On the upside, the Euro could find resistance at 1.3265/80 area (Apr 28/29 highs), and above here, 1.3340 (Apr 30 high) and 1.3360 (session high). On the downside, support levels lie at 1.3205 (session low), and below here, 1.3180 (Apr 30 low) and 1.3150/60 (intra-day support).
EUR/GBP recovery from 0.8625 low on Friday was capped at 0.8725, and the pair’s retreat extended on Monday to session low at 0.8665. Next support levels are 0.8650/55 and 0.825/30. Resistance levels are 0.8725/35 and 0.8750.
