5 Sep 2013
EUR/USD below 1.3200 on US data
FXstreet.com (Edinburgh) -The shared currency is now fading its recent attempt to fresh highs beyond 1.3220 after the better than expected US jobs data.
EUR/USD cling to 1.3200
The pair remains around 1.3200 the figure nonetheless, as market participants will closely follow President Draghi’s press conference after the ECB stayed put regarding its monetary policy stance. Initial claims dropped to 323K in the week ended on August 30th, bettering estimates at 330K and down from 332K (revised) previous.
EUR/USD levels to watch
As of writing the pair is losing 0.12% at 1.3191 with the initial support at 1.3157 (low Sep.4) followed by 1.3147 (MA200d) and finally 1.3138 (low Sep.3). On the flip side, a surpass of 1.3218 (high Sep.4) would target 1.3237 (high Sep.2) en route to 1.3255 (high Aug.30).
EUR/USD cling to 1.3200
The pair remains around 1.3200 the figure nonetheless, as market participants will closely follow President Draghi’s press conference after the ECB stayed put regarding its monetary policy stance. Initial claims dropped to 323K in the week ended on August 30th, bettering estimates at 330K and down from 332K (revised) previous.
EUR/USD levels to watch
As of writing the pair is losing 0.12% at 1.3191 with the initial support at 1.3157 (low Sep.4) followed by 1.3147 (MA200d) and finally 1.3138 (low Sep.3). On the flip side, a surpass of 1.3218 (high Sep.4) would target 1.3237 (high Sep.2) en route to 1.3255 (high Aug.30).