25 Jun 2013
EUR/USD around 1.3140, US data eyes
Fxstreet.com (Edinburgh) - The EUR/USD is keeping the range on Tuesday, gyrating around 1.3140 and little changed despite the improvements of Italian retail sales and French Business Climate.
EUR/USD strength faltered around 1.3150
The rebound of EUR/USD seems to have run out of steam in the vicinity of 1.3150, after comments by PBoC’s officials stated that the present volatility in the markets should be temporary and the liquidity risk is under control, contrasting with hopes of some easing expectations by the FX community.
EUR/USD levels to watch
At the moment the pair is up 0.13% at 1.3137 and a surpass of 1.3151 (high Jun.250 would open the door to 1.3161 (low Jun.20) and finally 1.3177 (low Jun.10). On the flip side, support levels line up at 1.3109 (low Jun.25) ahead of 1.3059 (low Jun.24) and then 1.3053 (low Jun.5).
EUR/USD strength faltered around 1.3150
The rebound of EUR/USD seems to have run out of steam in the vicinity of 1.3150, after comments by PBoC’s officials stated that the present volatility in the markets should be temporary and the liquidity risk is under control, contrasting with hopes of some easing expectations by the FX community.
EUR/USD levels to watch
At the moment the pair is up 0.13% at 1.3137 and a surpass of 1.3151 (high Jun.250 would open the door to 1.3161 (low Jun.20) and finally 1.3177 (low Jun.10). On the flip side, support levels line up at 1.3109 (low Jun.25) ahead of 1.3059 (low Jun.24) and then 1.3053 (low Jun.5).