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8 Oct 2013
EUR/USD hovers around the flat line
FXstreet.com (Córdoba) - The EUR/USD showed little reaction to German factory orders data and continued to hover around the flat line Tuesday.
EUR/USD clings to 1.3580
The EUR/USD has been unable to break its recent range either side of the board as uncertainty over the US budget keep investors sidelined and the pair in a range bounded by 1.3540 on the downside and 1.3600 on the upside. At time of writing, EUR/USD is trading at the 1.3575 zone, virtually unchanged since opening. Data during the New York session includes NFIB Small Business Survey and a couple of Fed speakers.
EUR/USD technical levels
In terms of technical levels, EUR/USD could find immediate resistances at 1.3600 (psychological level) and 1.3630 (Oct 4 high) ahead of 1.3645 (Oct 3 high), while on the other hand, supports are seen at 1.3550 (10-day SMA), 1.3538 (Oct 4 low) and 1.3500 (psychological level).
EUR/USD clings to 1.3580
The EUR/USD has been unable to break its recent range either side of the board as uncertainty over the US budget keep investors sidelined and the pair in a range bounded by 1.3540 on the downside and 1.3600 on the upside. At time of writing, EUR/USD is trading at the 1.3575 zone, virtually unchanged since opening. Data during the New York session includes NFIB Small Business Survey and a couple of Fed speakers.
EUR/USD technical levels
In terms of technical levels, EUR/USD could find immediate resistances at 1.3600 (psychological level) and 1.3630 (Oct 4 high) ahead of 1.3645 (Oct 3 high), while on the other hand, supports are seen at 1.3550 (10-day SMA), 1.3538 (Oct 4 low) and 1.3500 (psychological level).