25 Jun 2013
EUR/USD testing daily lows
Fxstreet.com (Edinburgh) - The bloc currency is extending its correction from session highs, now dragging the EUR/USD to test overnight lows around 1.3115/10.
Stronger USD weighting on EUR/USD
The greenback is recovering some ground on Tuesday adding a tad of extra selling pressure to the pair ahead of the key US data due later and President Draghi’s speech. Previously, ECB’s Coeure was talking about the likeliness of negative rates and that the central bank would be ready to implement them should the situation in the euro area requires so, but the pair remained apathetic.
EUR/USD critical levels
At the moment the pair is up 0.06% at 1.3127 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).
Stronger USD weighting on EUR/USD
The greenback is recovering some ground on Tuesday adding a tad of extra selling pressure to the pair ahead of the key US data due later and President Draghi’s speech. Previously, ECB’s Coeure was talking about the likeliness of negative rates and that the central bank would be ready to implement them should the situation in the euro area requires so, but the pair remained apathetic.
EUR/USD critical levels
At the moment the pair is up 0.06% at 1.3127 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).