12 Sep 2013
EUR/USD treading water around 1.3300
FXstreet.com (Edinburgh) -The selling interest surrounding the euro is now pushing the EUR/USD to another test of the psychological limestone at 1.3300, as the US session is drawing to close.
EUR/USD focus on US docket
US retail sales and the preliminary gauge of the Reuters/Michigan index will grab all the attention on Friday, as second-tier releases await in the euro area. Market expectations expect the headline sales to expand at a monthly pace of 0.4% while the Consumer Sentiment would ease a tad to 82.0 for the month of September. The EcoFin meeting will kick in tomorrow, although expectations for relevant announcements are close to zero, as per usual.
EUR/USD levels to watch
The pair is now retreating 0.06% at 1.3302 and a breakdown of 1.3230 (low Sep.10) would aim for 1.3222 (MA10d) and then 1.3157 (low Sep.9). On the upside, the initial hurdle aligns at 1.3325 (high Sep.11) followed by 1.3343 (high Aug.29) and then 1.3399 (high Aug.28).
EUR/USD focus on US docket
US retail sales and the preliminary gauge of the Reuters/Michigan index will grab all the attention on Friday, as second-tier releases await in the euro area. Market expectations expect the headline sales to expand at a monthly pace of 0.4% while the Consumer Sentiment would ease a tad to 82.0 for the month of September. The EcoFin meeting will kick in tomorrow, although expectations for relevant announcements are close to zero, as per usual.
EUR/USD levels to watch
The pair is now retreating 0.06% at 1.3302 and a breakdown of 1.3230 (low Sep.10) would aim for 1.3222 (MA10d) and then 1.3157 (low Sep.9). On the upside, the initial hurdle aligns at 1.3325 (high Sep.11) followed by 1.3343 (high Aug.29) and then 1.3399 (high Aug.28).