5 Dec 2013
EUR/USD stable as ECB leaves policy unchanged
FXstreet.com (Córdoba) - The EUR/USD edged slightly higher but remained well-within familiar ranges after the European Central bank announced its decision to keep its monetary unchanged after cutting the main rate to a new record low of 0.25% last month.
The EUR/USD held little changed at the 1.3590/1.3600 area after the statement as it was widely anticipated and as attention now turns to President Draghi speech, who will comment on the decision at a press conference starting at 13:30GMT. During the New York session, the US will release the second estimate of Q3 GDP and initial jobless claims among other indicators, while investors might prefer to wait tomorrow's NFP to take big positions.
EUR/USD levels to watch
At time of writing, the EUR/USD is trading at 1.3590, just where it started the day. In terms of technical levels, immediate resistances for EUR/USD are seen at 1.3640 (daily high) and 1.3700 (psychological level) ahead of 1.3739 (Oct 31 high). On the other hand, supports are seen at 1.3579 (daily low and 100-hour SMA) and 1.3524 (Dec 3 low) ahead of 1.3500 (psychological level).
The EUR/USD held little changed at the 1.3590/1.3600 area after the statement as it was widely anticipated and as attention now turns to President Draghi speech, who will comment on the decision at a press conference starting at 13:30GMT. During the New York session, the US will release the second estimate of Q3 GDP and initial jobless claims among other indicators, while investors might prefer to wait tomorrow's NFP to take big positions.
EUR/USD levels to watch
At time of writing, the EUR/USD is trading at 1.3590, just where it started the day. In terms of technical levels, immediate resistances for EUR/USD are seen at 1.3640 (daily high) and 1.3700 (psychological level) ahead of 1.3739 (Oct 31 high). On the other hand, supports are seen at 1.3579 (daily low and 100-hour SMA) and 1.3524 (Dec 3 low) ahead of 1.3500 (psychological level).