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26 Jun 2013
EUR/USD in red around 1.3070
Fxstreet.com (Edinburgh) - The shared currency is posting marginal losses on Wednesday, dragging EUR/USD to the proximities of its 200-day moving average at 1.3070.
EUR/USD focused on US GDP
Empty docket in the euro area will leave the pair to the mercy of the risk trends, while market participants shift their focus on the US GDP Annualized due later. Prior surveys expect the US economic activity to have expanded at an annual pace of 2.4% during the first quarter, matching the previous reading.
EUR/USD levels to watch
At the moment the pair is losing 0.07% at 1.3071 facing the next support at 1.3059 (low Jun.24) followed by 1.3053 (low Jun.5) and finally 1.3043 (low Jun.4). On the flip side, a breakout of 1.3151 (high Jun.25) would expose 1.3161 (low Jun.20) and then 1.3177 (low Jun.10).
EUR/USD focused on US GDP
Empty docket in the euro area will leave the pair to the mercy of the risk trends, while market participants shift their focus on the US GDP Annualized due later. Prior surveys expect the US economic activity to have expanded at an annual pace of 2.4% during the first quarter, matching the previous reading.
EUR/USD levels to watch
At the moment the pair is losing 0.07% at 1.3071 facing the next support at 1.3059 (low Jun.24) followed by 1.3053 (low Jun.5) and finally 1.3043 (low Jun.4). On the flip side, a breakout of 1.3151 (high Jun.25) would expose 1.3161 (low Jun.20) and then 1.3177 (low Jun.10).