10 Jun 2013
EUR/USD keeps pushing higher, around 1.3270
FXstreet.com (Barcelona) - The EUR/USD accelerates its upside on Monday, posting once again session highs in the area of 1.3265/70.
Richard Kelly, FX Researcher at TD Securities, suggested, “Eurozone focus will likely revolve around the German Constitutional Court hearing the OMT case on Tuesday and Wednesday. The bias is likely somewhat negative for European sentiment as Eurosceptic once again hit the airwaves, Asmussen testifies against Weidmann, and stories have already circulated (though already denied) that the ECB could impose a limit on OMT purchases”.
EUR/USD is now advancing 0.47% at 1.3255 and a breakout of 1.3306 (high Jun.6) would open the door to 1.3319 (high Feb.25) and finally 1.3341 (61.8% of Feb.-Apr. slide). On a downside, support levels arise at 1.3103 (MA100d) followed by 1.3075 (low Jun.6) ahead of 1.3053 (low Jun.5).
Richard Kelly, FX Researcher at TD Securities, suggested, “Eurozone focus will likely revolve around the German Constitutional Court hearing the OMT case on Tuesday and Wednesday. The bias is likely somewhat negative for European sentiment as Eurosceptic once again hit the airwaves, Asmussen testifies against Weidmann, and stories have already circulated (though already denied) that the ECB could impose a limit on OMT purchases”.
EUR/USD is now advancing 0.47% at 1.3255 and a breakout of 1.3306 (high Jun.6) would open the door to 1.3319 (high Feb.25) and finally 1.3341 (61.8% of Feb.-Apr. slide). On a downside, support levels arise at 1.3103 (MA100d) followed by 1.3075 (low Jun.6) ahead of 1.3053 (low Jun.5).