EUR/USD General Analysis
LiteForex Europe | Jun 30, 2015 07:54AM ET
Today Athens has met the deadline for repaying its bailout loan from the IMF but, apparently, Greece fails to pay back - the treasury is empty. The payment period may be extended for another four weeks, but the IMF's managing director Christine Lagarde takes a tough stance.
On June 29th, the Wall Street Journal said on its official Twitter (NYSE:TWTR), citing Greek government information sources, that today, June 30th, the default is to be announced. The referendum, scheduled for July 5th, on whether Greece should accept the demands of the country's creditors will not be cancelled, but PM Tsipras hinted that the government would resign if the Greek people voted to accept the proposals. At the same time, the President of the European Commission Jean-Claude Juncker called the Greek people to support austerity measures, stressing that Greece is an integral part of Europe as a whole, the EU should be the zone of common interests and if the people said “yes,” it would be a strong signal to the whole of Europe.
Key news for today: Eurozone Consumer Price Index for June at 12.00 (GMT +3), Eurozone Unemployment rate at 12.00 (GMT +3), US Consumer Confidence Index at 17.00 (GMT +3).
After the trading day opened with a gap of 160 points down, the pair returned to the level of the end of last week and now is trading at the price 1.1190.
Support levels: 1.1005, 1.1154.
Resistance levels: 1.1233, 1.1303, 1.1395.
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