EUR/USD decline stalls to 1,1110, Greece, as a stress factor

FXStreet — After bottoming in the area of the 1,1110 seems the EUR/USD on the buyer pushed to be and so moves the course to the 1,1130/40.

EUR/USD focus on Greece

The Euro is in the 1. Half of the week under selling pressure, with the possibility that Greece faces insolvency.

Add to that the comments of the Italian PM M. Renzi about the possibility of early elections in Italy which could be held as the elections in Germany in September.

ECB President Mario Draghi said on Monday that the easing of monetary policy as a support still needed, as the inflation pressure remains subdued, which supports the deals against the Euro.

Today, the US markets back to the action part and is awaiting the April Inflation in the Form of the PCE, personal income/spending and consumer sentiment for may, as well as the speech by FOMC L. Brainard (permanent voters, centrist).

EUR/USD analysis: Inflation in the spotlight — CPI of Germany and the US core PCE

EUR/USD significant levels

Currently, the daily loss a -0.28% at 1,1135 and the next supports is at 1,1110 (Deep 30. May), 1,1073 (76,4 % Fibo of 1,1300-1,0339) and 1,1059 (20-day SMA). On the other hand, Resistances are at 1.1192 (High 29 the may), 1,1235 (High-26. May) and 1,1250 (High-25 may).

** FXStreet News Editorial, FXStreet**

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