18 Jul 2013
EUR/USD grinding lower, around 1.3100
FXstreet.com (Barcelona) -The EUR/USD is hovering over the key level at 1.3100 at the end of the Asian session on Thursday, extending the correction lower from Wednesday’s peaks near 1.3180.
EUR/USD hurt by Bernanke
The sentiment surrounding the euro suffered the less dovish tone from Chairman Bernanke yesterday, suggesting that the Fed will intervene in its bond-buying programme at some point during the second half of the present year. “We expect September to be most likely but if data are not satisfying in the coming months, it could be pushed to December”, suggested Anders Lumholtz, Senior Analyst at Danske Bank.
EUR/USD levels to watch
The pair is now losing 0.23% at 1.3096 with the next support at 1.3078 (MA200d). On the upside, a break above 1.3174 (high Jul.16) would clear the way to 1.3208 (high Jul.11) and then 1.3255 (high Jun.21).
EUR/USD hurt by Bernanke
The sentiment surrounding the euro suffered the less dovish tone from Chairman Bernanke yesterday, suggesting that the Fed will intervene in its bond-buying programme at some point during the second half of the present year. “We expect September to be most likely but if data are not satisfying in the coming months, it could be pushed to December”, suggested Anders Lumholtz, Senior Analyst at Danske Bank.
EUR/USD levels to watch
The pair is now losing 0.23% at 1.3096 with the next support at 1.3078 (MA200d). On the upside, a break above 1.3174 (high Jul.16) would clear the way to 1.3208 (high Jul.11) and then 1.3255 (high Jun.21).