23 Jul 2013
EUR/USD clings to 1.3200
FXstreet.com (Edinburgh) - The re is not much happening around the bloc currency today, with the EUR/USD gyrating around the key mark at 1.3200 ahead of the results from the Spanish auctions of Letras.
EUR/USD remains flat
Despite the choppy start of the European markets, the pair is netting a balanced session around 1.3190/1.3200. Lee Hardman, Currency Analyst at BTMU, commented, “With investors also tentatively re-establishing carry positions, yields on Italian and Spanish government bonds are also declining modestly helping to support the euro”. Next on tap will be Spanish auctions of 3-month and 9-month Letras.
EUR/USD key levels
At the moment the pair is advancing 0.05% at 1.3192 and a surpass of 1.3218 (high Jul.22) would target 1.3255 (high Jun.21) en route to 1.3261 (76.4% of 1.3417-1.2755). On the downside, the initial support lies at 1.3115 (low Jul.22) followed by 1.3106 (cloud base) and finally 1.3089 (low Jul.19).
EUR/USD remains flat
Despite the choppy start of the European markets, the pair is netting a balanced session around 1.3190/1.3200. Lee Hardman, Currency Analyst at BTMU, commented, “With investors also tentatively re-establishing carry positions, yields on Italian and Spanish government bonds are also declining modestly helping to support the euro”. Next on tap will be Spanish auctions of 3-month and 9-month Letras.
EUR/USD key levels
At the moment the pair is advancing 0.05% at 1.3192 and a surpass of 1.3218 (high Jul.22) would target 1.3255 (high Jun.21) en route to 1.3261 (76.4% of 1.3417-1.2755). On the downside, the initial support lies at 1.3115 (low Jul.22) followed by 1.3106 (cloud base) and finally 1.3089 (low Jul.19).