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28 Aug 2013
EURUSD closes the day around 1.3330
FXstreet.com (Edinburgh) -The bloc currency keeps a very narrow range vs. the greenback on Wednesday, with the EUR/USD meandering around 1.3330/35 as the US session is fading away.
EUR/USD remains under pressure
The demand for the euro continues to be subdued. Looking ahead, while the situation around Syria and the promise of a US attack any time soon would be weighing on the pair, positive results from the weekly report on the US labour market and the Q2 GDP Annualized would add to the USD bullish momentum, hurting the pair. According to Chief Strategist at Scotiabank, Camilla Sutton, technical studies remain mixed, “with studies suggesting a lack of upward momentum but spot failing to generate clear sell signals”.
EUR/USD key levels
The pair is now losing 0.46% at 1.3331 and a dip beyond 1.3328 (MA21d) would target 1.3322 (low Aug.27) en route to 1.3299 (low Aug.22). On the upside, the initial hurdle lines up at 1.3399 (high Aug.28) ahead of 1.3410 (high Aug.23) and finally 1.3427 (high Aug.21).
EUR/USD remains under pressure
The demand for the euro continues to be subdued. Looking ahead, while the situation around Syria and the promise of a US attack any time soon would be weighing on the pair, positive results from the weekly report on the US labour market and the Q2 GDP Annualized would add to the USD bullish momentum, hurting the pair. According to Chief Strategist at Scotiabank, Camilla Sutton, technical studies remain mixed, “with studies suggesting a lack of upward momentum but spot failing to generate clear sell signals”.
EUR/USD key levels
The pair is now losing 0.46% at 1.3331 and a dip beyond 1.3328 (MA21d) would target 1.3322 (low Aug.27) en route to 1.3299 (low Aug.22). On the upside, the initial hurdle lines up at 1.3399 (high Aug.28) ahead of 1.3410 (high Aug.23) and finally 1.3427 (high Aug.21).