12 Sep 2013
EUR/USD eyes 1.3280 support line
FXstreet.com (London) - EUR/USD is ducking away from the 1.3300 handle again and has been offered since reaching highs of 1.3325 earlier on today.
On the data front, the pair has seen Initial Jobless Claims that arrived 292k against 330k expected for Sep 6th while Continuing Jobless Claims came in at 2.871m against 2.960 expected. Friday will bring Michigan Consumer Sentiment and until then, the calendar is quiet for the pair.
EUR/USD levels; room for support line at 1.3280
EUR/USD has room for a dip into the 1.3280 while remaining in positive territory above the supporting trend line from 1.3120 area. The 20 DMA is 1.3289, the 50 DMA is 1.3216 and the 200 DAM is 1.3151. RSI (14) is 49.82. Supports are ascending from 1.3189, 1.3187, 1.3230 and 1.3250, 1.3281 behind 1.3300 the figure. Spot is 1.3297 and resistances 1.3319 and key comes in at 1.3410.
On the data front, the pair has seen Initial Jobless Claims that arrived 292k against 330k expected for Sep 6th while Continuing Jobless Claims came in at 2.871m against 2.960 expected. Friday will bring Michigan Consumer Sentiment and until then, the calendar is quiet for the pair.
EUR/USD levels; room for support line at 1.3280
EUR/USD has room for a dip into the 1.3280 while remaining in positive territory above the supporting trend line from 1.3120 area. The 20 DMA is 1.3289, the 50 DMA is 1.3216 and the 200 DAM is 1.3151. RSI (14) is 49.82. Supports are ascending from 1.3189, 1.3187, 1.3230 and 1.3250, 1.3281 behind 1.3300 the figure. Spot is 1.3297 and resistances 1.3319 and key comes in at 1.3410.