28 Jun 2013
EUR/USD reaches a new London high
FXstreet.com (London) - The EUR/USD has been drifting higher this morning in Europe to print a fresh high on the session of 1.3067.
EUR/USD is benefiting from an accumulative positive set of EZ data from some of the nations this morning. Most recently, CPI for Italy came in beating expectations. Up ahead, where the markets are focused is the CPI and Harmonised Consumer Prices at 12GMT, expected 1.7% and 1.8% respectively yoy, and up on previous. In the afternoon, we also have Fed speeches and the Michigan Sentiment coupled with Chicago PMI.
EUR/USD halted until afternoon data
The EUR/USD has drifted higher since Wednesday’s lows from below 1.3000 handle. The pair managed a high over night at 1.3077 and is now printing a new high of 1.3067 in London. However, the broader direction and tone for the pair are still biased towards the downside, especially below and while the 200 d ma holds the ranges to the topside. The 55d ma is coming in as likely target and support to the downside. The afternoon could pick up while the pivot is 1.3032 and could act as support on the session on positive US data, especially ahead on next weeks busy schedule.
EUR/USD is benefiting from an accumulative positive set of EZ data from some of the nations this morning. Most recently, CPI for Italy came in beating expectations. Up ahead, where the markets are focused is the CPI and Harmonised Consumer Prices at 12GMT, expected 1.7% and 1.8% respectively yoy, and up on previous. In the afternoon, we also have Fed speeches and the Michigan Sentiment coupled with Chicago PMI.
EUR/USD halted until afternoon data
The EUR/USD has drifted higher since Wednesday’s lows from below 1.3000 handle. The pair managed a high over night at 1.3077 and is now printing a new high of 1.3067 in London. However, the broader direction and tone for the pair are still biased towards the downside, especially below and while the 200 d ma holds the ranges to the topside. The 55d ma is coming in as likely target and support to the downside. The afternoon could pick up while the pivot is 1.3032 and could act as support on the session on positive US data, especially ahead on next weeks busy schedule.