19 Nov 2013
EUR/USD clings to 1.3500
FXstreet.com (Edinburgh) -The shared currency navigates within a tight range on Tuesday, with the EUR/USD now looking to stabilize around the 1.3500 handle post-ZEW figures.
EUR/USD supported at 1.3490
The earlier pullback of the pair saw decent support just below 1.3490, managing to regain the key 1.3500 mark afterwards although the choppy trade persists. Analysts at TD Securities assessed “A quiet data and events calendar for the North American session means tame, range trading could prevail in the coming hours— particularly with market attention focused on Bernanke’s speech tonight (7:00PM ET) and the FOMC minutes tomorrow. On the short term charts, 1.3450/1.3550 looks to be the range for now”.
EUR/USD key levels
The pair is now losing 0.01% at 1.3503 and a breakdown of 1.3483 (daily cloud top) would aim for 1.3473 (low Nov.18) and finally 1.3456 (MA10d). On the upside, the initial hurdle lines up at 1.3542 (high Nov.18) ahead of 1.3548 (high Nov.6) and then 1.3583 (MA21d).
EUR/USD supported at 1.3490
The earlier pullback of the pair saw decent support just below 1.3490, managing to regain the key 1.3500 mark afterwards although the choppy trade persists. Analysts at TD Securities assessed “A quiet data and events calendar for the North American session means tame, range trading could prevail in the coming hours— particularly with market attention focused on Bernanke’s speech tonight (7:00PM ET) and the FOMC minutes tomorrow. On the short term charts, 1.3450/1.3550 looks to be the range for now”.
EUR/USD key levels
The pair is now losing 0.01% at 1.3503 and a breakdown of 1.3483 (daily cloud top) would aim for 1.3473 (low Nov.18) and finally 1.3456 (MA10d). On the upside, the initial hurdle lines up at 1.3542 (high Nov.18) ahead of 1.3548 (high Nov.6) and then 1.3583 (MA21d).