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11 Sep 2013
EUR/USD failed at 1.3280, back to 1.3250
FXstreet.com (Edinburgh) -The shared currency tested weekly peaks around 1.3280 overnight, although the EUR/USD lacked vigour to extend the up move further up.
EUR/USD back to lows
The selling pressure is now picking up pace pre-European open, dragging the pair below 1.3250. In the data front, German data from consumer prices was largely ignored, rising at an annual rate of 1.5% and 0.0% on a monthly basis, in line with forecasts. There are no relevant releases across the pond and this would leave the markets to the mercy of the risk trends once again as Syria would take centre stage after Obama’s decision to postpone any military intervention.
EUR/USD key levels
As of writing the pair is losing 0.12% at 1.3250 with the next support at 1.3217 (MA10d) ahead of 1.3157 (low Sep.9) and finally 1.3104 (50% of 1.2755-1.3453). On the upside, a surpass of 1.3281 (high Sep.9) would open the door to 1.3289 (MA30d) and then 1.3298 (low Aug.22).
EUR/USD back to lows
The selling pressure is now picking up pace pre-European open, dragging the pair below 1.3250. In the data front, German data from consumer prices was largely ignored, rising at an annual rate of 1.5% and 0.0% on a monthly basis, in line with forecasts. There are no relevant releases across the pond and this would leave the markets to the mercy of the risk trends once again as Syria would take centre stage after Obama’s decision to postpone any military intervention.
EUR/USD key levels
As of writing the pair is losing 0.12% at 1.3250 with the next support at 1.3217 (MA10d) ahead of 1.3157 (low Sep.9) and finally 1.3104 (50% of 1.2755-1.3453). On the upside, a surpass of 1.3281 (high Sep.9) would open the door to 1.3289 (MA30d) and then 1.3298 (low Aug.22).