16 Jul 2013
EUR/USD in highs, eyes on 1.3100
FXstreet.com (Edinburgh) -The EUR/USD is extending its recovery from yesterday’s lows in the boundaries of 1.3000 to the current levels near 1.3100 the figure, as the risk-on trade continues to prevail amongst traders.
EUR/USD vs. euro docket
Interesting docket ahead in the day for the single currency, as EMU’s consumer prices and trade balance figures during June are due followed by the German ZEW Survey. The recent up-trend in the periphery bond markets will also be put to the test with the Spanish auctions of 6-m and 12-m Letras. Across the Atlantic, US inflation figures will be in the limelight.
EUR/USD key levels
At the moment the pair is up 0.23% at 1.3094 with the next hurdle at 1.3100 (high Jul.12) followed by 1.3118 (MA30d). On the flip side, a breakdown of 1.2982 (50% Fibo) would open the door to 1.2966 (low Jul.11) and then 1.2949 (high Jul.10).
EUR/USD vs. euro docket
Interesting docket ahead in the day for the single currency, as EMU’s consumer prices and trade balance figures during June are due followed by the German ZEW Survey. The recent up-trend in the periphery bond markets will also be put to the test with the Spanish auctions of 6-m and 12-m Letras. Across the Atlantic, US inflation figures will be in the limelight.
EUR/USD key levels
At the moment the pair is up 0.23% at 1.3094 with the next hurdle at 1.3100 (high Jul.12) followed by 1.3118 (MA30d). On the flip side, a breakdown of 1.2982 (50% Fibo) would open the door to 1.2966 (low Jul.11) and then 1.2949 (high Jul.10).