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The EUR/USD declined around 50 pips from the 1.1450 traded in the European session and currently it is testing sub-1.1400 prices just after Greece's PM Tsipras comments.
Tsipras commented that the eurogroup changed the draft they previously agreed on Tuesday just at the last minute; pressuring them to reject it. Tsipras said Greece is in no hurry to sign an agreement.
Currently, EUR/USD is trading at 1.1401, up 0.48% on the day, having posted a daily high at 1.1449 and low at 1.1322. EUR/USD spot is in neutral territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bullish.
EUR/USD sentiment
According to FXStreet chief analyst Valeria Bednarik, "The EUR/USD pair bounced sharply from a daily low of 1.1321 to post a fresh weekly high of 1.1448, albeit selling interest around this last, again capped the upside, pushing the price lower."
If the pair consolidates levels below 1.1400, it will find next supports at 1.1350 and 1.1320. To the upside, resistances are at 1.1450, 1.1470 and 1.1500.
Tsipras commented that the eurogroup changed the draft they previously agreed on Tuesday just at the last minute; pressuring them to reject it. Tsipras said Greece is in no hurry to sign an agreement.
Currently, EUR/USD is trading at 1.1401, up 0.48% on the day, having posted a daily high at 1.1449 and low at 1.1322. EUR/USD spot is in neutral territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bullish.
EUR/USD sentiment
According to FXStreet chief analyst Valeria Bednarik, "The EUR/USD pair bounced sharply from a daily low of 1.1321 to post a fresh weekly high of 1.1448, albeit selling interest around this last, again capped the upside, pushing the price lower."
If the pair consolidates levels below 1.1400, it will find next supports at 1.1350 and 1.1320. To the upside, resistances are at 1.1450, 1.1470 and 1.1500.
