26 Sep 2013
EUR/USD below 1.3500 on Italian jitters
FXstreet.com (Edinburgh) -The selling interest is now gathering steam around the bloc currency, dragging the EUR/USD to test intraday lows near 1.3480 on Thursday.
EUR/USD more selling pressure ahead?
The omnipresent effervescence in the Italian politics seems to be hurting the euro sentiment on Thursday. Italian President Giorgio Napolitano expressed his concerns over the likeliness of the PdL party to withdraw its members from the Parliament in case the vote against its leader, former PM Silvio Berlusconi, progresses. In another tone, the pair would remain under pressure ahead in the day, as Pending Home Sales, employment figures and GDP Annualized are due in the US economy, preceding speeches by Fed members, all framed within the current discussions on the US fiscal front.
EUR/USD key levels
At the moment the pair is losing 0.24% at 1.3487 with the immediate support at 1.3459 (23.6% of 1.3104-.13569) followed by 1.3453 (high Au.20) and then 1.3399 (high Aug.28). On the upside, a surpass of 1.3555 (high Sep.23) would expose 1.3569 (high Sep.19) and finally 1.3598 (high Feb.5).
EUR/USD more selling pressure ahead?
The omnipresent effervescence in the Italian politics seems to be hurting the euro sentiment on Thursday. Italian President Giorgio Napolitano expressed his concerns over the likeliness of the PdL party to withdraw its members from the Parliament in case the vote against its leader, former PM Silvio Berlusconi, progresses. In another tone, the pair would remain under pressure ahead in the day, as Pending Home Sales, employment figures and GDP Annualized are due in the US economy, preceding speeches by Fed members, all framed within the current discussions on the US fiscal front.
EUR/USD key levels
At the moment the pair is losing 0.24% at 1.3487 with the immediate support at 1.3459 (23.6% of 1.3104-.13569) followed by 1.3453 (high Au.20) and then 1.3399 (high Aug.28). On the upside, a surpass of 1.3555 (high Sep.23) would expose 1.3569 (high Sep.19) and finally 1.3598 (high Feb.5).