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12 Sep 2013
EUR/USD putting 1.3300 to the test
FXstreet.com (Edinburgh) -The shared currency is trading on the back footing ahead of the opening bell in London, with the EUR/USD hovering over the key support at 1.3300.
EUR/USD remains range-bound
The pair keeps the upper end of the recent range, clinching to the critical 1.3300 handle, as the risk-on trade continues to prevail amongst traders. Ahead in the day, consumer prices in France, Spain and Italy are due, preceding EMU’s Industrial Production figures and a speech by ECB’s Draghi. Further data will show an Italian auction of 10-y bonds against the backdrop of the recent political effervescence. Across the pond, the weekly report on the US labour market will be in the limelight ahead of a speech by Fed’s W.Dudley.
EUR/USD critical levels
The pair is now advancing 0.01% at 1.3312 with the next resistance at 1.3322 (low Aug.27) followed by 1.3343 (high Aug.29) and then 1.3399 (high Aug.28). On the downside, a breach of 1.3230 (low Sep.10) would aim for 1.3210 (MA10d) and then 1.3157 (low Sep.9).
EUR/USD remains range-bound
The pair keeps the upper end of the recent range, clinching to the critical 1.3300 handle, as the risk-on trade continues to prevail amongst traders. Ahead in the day, consumer prices in France, Spain and Italy are due, preceding EMU’s Industrial Production figures and a speech by ECB’s Draghi. Further data will show an Italian auction of 10-y bonds against the backdrop of the recent political effervescence. Across the pond, the weekly report on the US labour market will be in the limelight ahead of a speech by Fed’s W.Dudley.
EUR/USD critical levels
The pair is now advancing 0.01% at 1.3312 with the next resistance at 1.3322 (low Aug.27) followed by 1.3343 (high Aug.29) and then 1.3399 (high Aug.28). On the downside, a breach of 1.3230 (low Sep.10) would aim for 1.3210 (MA10d) and then 1.3157 (low Sep.9).