30 Jul 2013
EUR/USD muted after German Gfk
FXstreet.com (Edinburgh) -The shared currency remained apathetic after the German Consumer Confidence improved a tad for August, with the EUR/USD hovering over the comfort zone around 1.3260.
EUR/USD focus on EMU data
The measure of consumer confidence in Germany in terms of the Gfk Survey up ticked to 7.0 for the month of August, slightly above expectations at 6.9. Ahead in the day, several measures of confidence and sentiment are due for the EMU, ahead of German advanced inflation figures for the month of July. Across the Atlantic, home prices sponsored by S&P/Case-Shiller and US Consumer Confidence will be in the limelight.
EUR/USD key levels
The pair is now losing 0.03% at 1.3258 and a breakdown of 1.3208 (high Jul.11) would target 1.3200 (psychological level) en route to 1.3198 (MA10d). On the upside, the initial barrier lines up at 1.3297 (high Jul.26) ahead of 1.3302 (high Jun.20) and then 1.3325 (low Jun.18).
EUR/USD focus on EMU data
The measure of consumer confidence in Germany in terms of the Gfk Survey up ticked to 7.0 for the month of August, slightly above expectations at 6.9. Ahead in the day, several measures of confidence and sentiment are due for the EMU, ahead of German advanced inflation figures for the month of July. Across the Atlantic, home prices sponsored by S&P/Case-Shiller and US Consumer Confidence will be in the limelight.
EUR/USD key levels
The pair is now losing 0.03% at 1.3258 and a breakdown of 1.3208 (high Jul.11) would target 1.3200 (psychological level) en route to 1.3198 (MA10d). On the upside, the initial barrier lines up at 1.3297 (high Jul.26) ahead of 1.3302 (high Jun.20) and then 1.3325 (low Jun.18).