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13 Aug 2013
EUR/USD easing from 1.3300
FXstreet.com (Edinburgh) -Choppy session for the bloc currency so far, with the EUR/USD meandering between 1.3280 and 1.3320 ahead of the US retail sales due later.
EUR/USD clings to 1.3300
Despite the current choppiness in the markets, the pair is battling to keep the trade around 1.3300 the figure, ahead of US key releases due later. “The bias here remains negative and the rebound above 1.3275 low should be considered corrective, thus preceding a sell-off towards 1.3160. Initial minor resistance is projected at 1.3315, followed by the crucial 1.3350”, suggested Stoyan Mihaylov, Strategist at DeltaStocks.com.
EUR/USD levels to watch
At the moment the pair is down 0.09% at 1.3288 and a breakdown of 1.3266 (low Aug.7) would expose 1.3246 (low Aug.6) and finally 1.3233 (low Aug.5). On the upside, resistance levels line up at 1.3391 (high Aug.9) followed by 1.3401 (high Aug.8) and then 1.3417 (high Jun.19).
EUR/USD clings to 1.3300
Despite the current choppiness in the markets, the pair is battling to keep the trade around 1.3300 the figure, ahead of US key releases due later. “The bias here remains negative and the rebound above 1.3275 low should be considered corrective, thus preceding a sell-off towards 1.3160. Initial minor resistance is projected at 1.3315, followed by the crucial 1.3350”, suggested Stoyan Mihaylov, Strategist at DeltaStocks.com.
EUR/USD levels to watch
At the moment the pair is down 0.09% at 1.3288 and a breakdown of 1.3266 (low Aug.7) would expose 1.3246 (low Aug.6) and finally 1.3233 (low Aug.5). On the upside, resistance levels line up at 1.3391 (high Aug.9) followed by 1.3401 (high Aug.8) and then 1.3417 (high Jun.19).