29 Jul 2013
EUR/USD challenging lows around 1.3250
FXstreet.com (Edinburgh) -The bloc currency is now accelerating its intraday decline, pushing the EUR/USD to print fresh daily lows in the proximities of 1.3250.
EUR/USD capped by 1.3300
Still the 1.3300 handle represents a tough barrier for the shared currency so far, being rejected once again from its proximities during the European morning. After a series of ‘indecision’ daily candles, it seems that a bearish momentunm is taking over sentiment ahead of the ECB gathering due on Thursday. In the opinion of the Westpac Global Strategy Group, the euro “seems primed for a grind towards widely watched 1.34 resistance, with better Eurozone PMIs keeping the doves in their coop at Thursday's ECB meeting. Lukewarm US mood also helps in sluggish northern summer markets”.
EUR/USD critical levels
At the moment the pair is down 0.17% at 1.3262 with the next support at 1.3208 (high Jul.11) ahead of 1.3200 (psychological level) and hen 1.3198 (MA10d). On the upside, a break above 1.3297 (high Jul.26) would expose 1.3302 (high Jun.20) and finally 1.3325 (low Jun.18).
EUR/USD capped by 1.3300
Still the 1.3300 handle represents a tough barrier for the shared currency so far, being rejected once again from its proximities during the European morning. After a series of ‘indecision’ daily candles, it seems that a bearish momentunm is taking over sentiment ahead of the ECB gathering due on Thursday. In the opinion of the Westpac Global Strategy Group, the euro “seems primed for a grind towards widely watched 1.34 resistance, with better Eurozone PMIs keeping the doves in their coop at Thursday's ECB meeting. Lukewarm US mood also helps in sluggish northern summer markets”.
EUR/USD critical levels
At the moment the pair is down 0.17% at 1.3262 with the next support at 1.3208 (high Jul.11) ahead of 1.3200 (psychological level) and hen 1.3198 (MA10d). On the upside, a break above 1.3297 (high Jul.26) would expose 1.3302 (high Jun.20) and finally 1.3325 (low Jun.18).