13 Sep 2013
EUR/USD consolidates below 1.3300
FXstreet.com (Edinburgh) -The irruption of risk aversion is dragging the EUR/USD to fresh lows in the vicinity of 1.3260, ahead of the European open on Friday.
EUR/USD weaker, eyes on US retail sales
The pair remains locked within a narrow range this week despite the risk-on trade prevailed practically since Monday. The situation in Syria remains the main drivers of the markets, still far away to any feasible solution. In another direction, today’s US Retail Sales and the advanced Reuters/Michigan index would be the most relevant releases. Prior surveys expects headline sales to expand at an annual pace of 0.4% while Investors’ Confidence would ease a tad to 82 for the current month.
EUR/USD technical levels
The pair is now retreating 0.18% at 1.3274 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 weaker, eyes on US retail sales
The pair remains locked within a narrow range this week despite the risk-on trade prevailed practically since Monday. The situation in Syria remains the main drivers of the markets, still far away to any feasible solution. In another direction, today’s US Retail Sales and the advanced Reuters/Michigan index would be the most relevant releases. Prior surveys expects headline sales to expand at an annual pace of 0.4% while Investors’ Confidence would ease a tad to 82 for the current month.
EUR/USD technical levels
The pair is now retreating 0.18% at 1.3274 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).