27 Sep 2013
EUR/USD eyes 1.3500 as risk sharpens
FXstreet.com (Edinburgh) -The single currency is extending its overnight recovery, taking the EUR/USD closer to the key resistance at 1.3500 on Friday.
EUR/USD boosted by risk
Data-wise, the most relevant release will be the advanced measures of German consumer prices for the month of September, with consensus expecting prices to expand at an annual pace of 1.5%. Further data will show several gauges of sentiment/confidence in the EMU and Spanish retail sales during August. However, the main focus during the European morning will definitely be the speech by ECB’s Mario Draghi, where a dovish tone seems most likely and thus capping any bull attempts.
EUR/USD levels to watch
At the moment the pair is up 0.08% at 1.3499 with the next resistance at 1.3555 (high Sep.23) ahead of 1.3569 (high Sep.19) and finally 1.3598 (high Feb.5). On the downside, a breach of 1.3459 (23.6% of 1.3104-.13569) would bring 1.3453 (high Au.20) and then 1.3399 (high Aug.28).
EUR/USD boosted by risk
Data-wise, the most relevant release will be the advanced measures of German consumer prices for the month of September, with consensus expecting prices to expand at an annual pace of 1.5%. Further data will show several gauges of sentiment/confidence in the EMU and Spanish retail sales during August. However, the main focus during the European morning will definitely be the speech by ECB’s Mario Draghi, where a dovish tone seems most likely and thus capping any bull attempts.
EUR/USD levels to watch
At the moment the pair is up 0.08% at 1.3499 with the next resistance at 1.3555 (high Sep.23) ahead of 1.3569 (high Sep.19) and finally 1.3598 (high Feb.5). On the downside, a breach of 1.3459 (23.6% of 1.3104-.13569) would bring 1.3453 (high Au.20) and then 1.3399 (high Aug.28).