26 Sep 2013
EUR/USD holding on to 1.3520
FXstreet.com (Edinburgh) -The shared currency is posting marginal losses on Thursday, with the EUR/USD hovering over the key level at 1.3520.
EUR/USD eyes on US data, Fedspeak
The pair keeps the weekly range between 1.3460 and 1.3540 with the US calendar being the main driver this week. Later on, the US GDP Annualized and the weekly report on the labour market are due, preceding Pending Home Sales and speeches by Fed members. Analyst Stoyan Mihaylov at DeltaStock.com commented, “The slide from 1.3568 high is still underway and there is a risk of deeper drowning towards 1.3410 before reversal for a renewal of the uptrend. Crucial on the upside is 1.3520 and a violation of that level will state, that the consolidation is over”.
EUR/USD key levels
At the moment the pair is losing 0.08% at 1.3515 with the immediate support at 1.3459 (23.6% of 1.3104-.13569) followed by 1.3453 (high Au.20) and then 1.3399 (high Aug.28). On the upside, a surpass of 1.3555 (high Sep.23) would expose 1.3569 (high Sep.19) and finally 1.3598 (high Feb.5).
EUR/USD eyes on US data, Fedspeak
The pair keeps the weekly range between 1.3460 and 1.3540 with the US calendar being the main driver this week. Later on, the US GDP Annualized and the weekly report on the labour market are due, preceding Pending Home Sales and speeches by Fed members. Analyst Stoyan Mihaylov at DeltaStock.com commented, “The slide from 1.3568 high is still underway and there is a risk of deeper drowning towards 1.3410 before reversal for a renewal of the uptrend. Crucial on the upside is 1.3520 and a violation of that level will state, that the consolidation is over”.
EUR/USD key levels
At the moment the pair is losing 0.08% at 1.3515 with the immediate support at 1.3459 (23.6% of 1.3104-.13569) followed by 1.3453 (high Au.20) and then 1.3399 (high Aug.28). On the upside, a surpass of 1.3555 (high Sep.23) would expose 1.3569 (high Sep.19) and finally 1.3598 (high Feb.5).