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15 Aug 2013
EUR/USD in consolidation mode ahead of US data
FXstreet.com (Córdoba) - After printing a daily high above 1.3300, the EUR/USD lost momentum and entered in a consolidation phase that has extended over the last hours.
With public holidays in many European countries, EUR/USD was confined to a tight range just below the 1.3300 mark with US jobless claims and CPI in focus. At time of writing, EUR/USD is trading at the 1.3295 zone, where it records a 0.3% gain on the day, with EUR trying to snap a 4-day losing streak.
EUR/USD technical levels
In terms of technical levels, the EUR/USD could find immediate resistances at 1.3309 (daily high) and 1.3343 (Aug 12 high), while supports are seen at 1.3275 (intraday level) and 1.3238 (Aug 14 low).
With public holidays in many European countries, EUR/USD was confined to a tight range just below the 1.3300 mark with US jobless claims and CPI in focus. At time of writing, EUR/USD is trading at the 1.3295 zone, where it records a 0.3% gain on the day, with EUR trying to snap a 4-day losing streak.
EUR/USD technical levels
In terms of technical levels, the EUR/USD could find immediate resistances at 1.3309 (daily high) and 1.3343 (Aug 12 high), while supports are seen at 1.3275 (intraday level) and 1.3238 (Aug 14 low).